Comments on: Harmonization and mutual funds http://www.canadiancapitalist.com/harmonization-and-mutual-funds/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: How the HST will affect you | MoneySense http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-225283 How the HST will affect you | MoneySense Wed, 09 Jun 2010 11:37:16 +0000 http://www.canadiancapitalist.com/?p=1975#comment-225283 [...] Harmonization and mutual funds [...] [...] Harmonization and mutual funds [...]

]]> By: Ontario versus the Mutual Fund Industry | Canadian Capitalist http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-200651 Ontario versus the Mutual Fund Industry | Canadian Capitalist Tue, 22 Sep 2009 02:47:52 +0000 http://www.canadiancapitalist.com/?p=1975#comment-200651 [...] known for its sky-high fees complaining about investment expenses to be breathtaking (See post: Harmonization and mutual funds). Since then British Columbia has announced plans to harmonize its sales taxes as well and mutual [...] [...] known for its sky-high fees complaining about investment expenses to be breathtaking (See post: Harmonization and mutual funds). Since then British Columbia has announced plans to harmonize its sales taxes as well and mutual [...]

]]> By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts: Jobs (again) http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187759 Canadian Personal Finance Blog » Blog Archive » Random Thoughts: Jobs (again) Fri, 03 Apr 2009 11:04:08 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187759 [...] The Canadian Capitalist points out again that the new HST is going to chew into our retirement savings in Harmonization and Mutual Funds. [...] [...] The Canadian Capitalist points out again that the new HST is going to chew into our retirement savings in Harmonization and Mutual Funds. [...]

]]> By: DAvid http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187495 DAvid Wed, 01 Apr 2009 01:10:26 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187495 Dan, I believe the BC government touts that province as the one with the most business-friendly tax regime. However, that aside, the bank offices will likely stay where they are: in the major population centres. Any services or goods provided to a consumer in another province are usually charged taxes based on residency. Thus the banks charge Ontario rates to Ontarians, and Newfoundland rates to Newfoundlanders, and BC rates to British Columbians. DAvid Dan,
I believe the BC government touts that province as the one with the most business-friendly tax regime. However, that aside, the bank offices will likely stay where they are: in the major population centres.

Any services or goods provided to a consumer in another province are usually charged taxes based on residency. Thus the banks charge Ontario rates to Ontarians, and Newfoundland rates to Newfoundlanders, and BC rates to British Columbians.

DAvid

]]> By: Dan Bergen http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187439 Dan Bergen Tue, 31 Mar 2009 17:15:55 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187439 Oops. I meant lack of capital and payroll taxes. Oops. I meant lack of capital and payroll taxes.

]]> By: Dan Bergen http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187438 Dan Bergen Tue, 31 Mar 2009 17:14:20 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187438 What I meant is that if the funds and their management companies migrate to Alberta, the provincial portion will not apply on the management fees, as well as other applicable expenses like unitholder reporting fees, auditor and legal fees. The management company would also benefit from the lower corporate tax rates and lack of capital tax rates. Not that they will pass on the savings in the form of lower management fees! What I meant is that if the funds and their management companies migrate to Alberta, the provincial portion will not apply on the management fees, as well as other applicable expenses like unitholder reporting fees, auditor and legal fees. The management company would also benefit from the lower corporate tax rates and lack of capital tax rates. Not that they will pass on the savings in the form of lower management fees!

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187428 Canadian Capitalist Tue, 31 Mar 2009 15:28:16 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187428 Dan: It seems that investors in other provinces will end up paying HST. The more interesting question is -- will the financial industry migrate en masse to Calgary to dodge the HST in Ontario? Dan: It seems that investors in other provinces will end up paying HST. The more interesting question is — will the financial industry migrate en masse to Calgary to dodge the HST in Ontario?

]]> By: Terry http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187412 Terry Tue, 31 Mar 2009 13:45:10 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187412 I am from Alberta and I don't think it helps. In this case, the increase in fees caused by Ontario will be realized in all Provinces. i.e. MERs don't vary from Provence to Provence - Alberta will subsidize Ontario. I am from Alberta and I don’t think it helps. In this case, the increase in fees caused by Ontario will be realized in all Provinces. i.e. MERs don’t vary from Provence to Provence – Alberta will subsidize Ontario.

]]> By: Dan Bergen http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187404 Dan Bergen Tue, 31 Mar 2009 10:56:20 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187404 The solution is simple: pack up and move to Alberta. The solution is simple: pack up and move to Alberta.

]]> By: TStrump http://www.canadiancapitalist.com/harmonization-and-mutual-funds/#comment-187372 TStrump Tue, 31 Mar 2009 03:43:16 +0000 http://www.canadiancapitalist.com/?p=1975#comment-187372 This is why I'm getting out of mutual funds - those fees ... there's no way they'll pass any savings on to us investors. This is why I’m getting out of mutual funds – those fees … there’s no way they’ll pass any savings on to us investors.

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