Comments on: Ontario versus the Mutual Fund Industry http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: idiot http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200712 idiot Wed, 23 Sep 2009 18:31:51 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200712 why do u say mer's are too high? when u trade stocks do you pay a trading fee? do you pay for a stockbroker's "advice"? why do u say mer’s are too high? when u trade stocks do you pay a trading fee? do you pay for a stockbroker’s “advice”?

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200703 Canadian Capitalist Wed, 23 Sep 2009 13:41:59 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200703 @Preet: Seeing how Governments work, I might have *already* paid for it :) @Preet: Seeing how Governments work, I might have *already* paid for it :)

]]> By: Preet Banerjee http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200682 Preet Banerjee Tue, 22 Sep 2009 20:35:03 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200682 CC: I believe you WOULD be paying to watch it... :) CC: I believe you WOULD be paying to watch it… :)

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200675 Canadian Capitalist Tue, 22 Sep 2009 17:34:17 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200675 Like boko, I'm not looking for the Government to step in and protect people from themselves. After all, we are capitalists, not communists and asset managers should have the right to hawk their high-priced products. Thicken, I'm not sure how much input tax credit will be available to asset managers. I'm guessing that unlike, say homebuilders, any input tax credit should be minimal. There may not be much savings to pass it on to fundholders. Preet: Nevertheless, it would be nice to see a brawl between the industry and the Government. Heck, I'd pay to watch it! Like boko, I’m not looking for the Government to step in and protect people from themselves. After all, we are capitalists, not communists and asset managers should have the right to hawk their high-priced products.

Thicken, I’m not sure how much input tax credit will be available to asset managers. I’m guessing that unlike, say homebuilders, any input tax credit should be minimal. There may not be much savings to pass it on to fundholders.

Preet: Nevertheless, it would be nice to see a brawl between the industry and the Government. Heck, I’d pay to watch it!

]]> By: Preet Banerjee http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200673 Preet Banerjee Tue, 22 Sep 2009 15:25:31 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200673 I would be surprised to see the PR campaign take flight. The financial industry has a lot of clout in Ontario, and this could in fact be the impetus for a change of government should this come to pass. I'm sure it's a decision that won't be taken lightly, that's for sure. I've had more than one person immediately react to the news by indicating that there are a lot of conservatives in the fund industry. Interesting times... I would be surprised to see the PR campaign take flight. The financial industry has a lot of clout in Ontario, and this could in fact be the impetus for a change of government should this come to pass. I’m sure it’s a decision that won’t be taken lightly, that’s for sure.

I’ve had more than one person immediately react to the news by indicating that there are a lot of conservatives in the fund industry.

Interesting times…

]]> By: joes_k http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200672 joes_k Tue, 22 Sep 2009 14:36:06 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200672 I agree MER's are too high but the real sad thing is that the government is willing to let it slide as long as the industry stays quiet on taxes. Instead the of government having reasonable debate on the tax issue we have a scheme to keep debate down. Sad. I agree MER’s are too high but the real sad thing is that the government is willing to let it slide as long as the industry stays quiet on taxes.
Instead the of government having reasonable debate on the tax issue we have a scheme to keep debate down. Sad.

]]> By: Thicken My Wallet http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200670 Thicken My Wallet Tue, 22 Sep 2009 13:54:16 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200670 This is probably subject of a longer post but the mutual fund industry conveniently ignores the fact it can claim input tax credits on both the GST and PST portion and will probably end up saving more taxes which they could pass on to the consumer (highly unlikely). This is probably subject of a longer post but the mutual fund industry conveniently ignores the fact it can claim input tax credits on both the GST and PST portion and will probably end up saving more taxes which they could pass on to the consumer (highly unlikely).

]]> By: missnb20 http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200669 missnb20 Tue, 22 Sep 2009 13:38:56 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200669 This gst/pst harmonization is a bad idea but I never heard of any publicity from the mutual fund industry saying that it would cost investors. Were there advertisements somewhere? I wish both sides would battle. I hate the tax and I hate the high mutual fund fees. This gst/pst harmonization is a bad idea but I never heard of any publicity from the mutual fund industry saying that it would cost investors. Were there advertisements somewhere? I wish both sides would battle. I hate the tax and I hate the high mutual fund fees.

]]> By: boko http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200668 boko Tue, 22 Sep 2009 13:21:06 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200668 MF's are a big scam, they benefit the banks and institutions providing them. The MER fees are outragous. I have MF's that my current emploer provides in the form of an RRSP, but once I leave the company I will be moving that money out. To think that the government is going to step in and stop the corruption, is insane. This goes for everything that people complain about..ie cell phones. MF’s are a big scam, they benefit the banks and institutions providing them. The MER fees are outragous. I have MF’s that my current emploer provides in the form of an RRSP, but once I leave the company I will be moving that money out.

To think that the government is going to step in and stop the corruption, is insane. This goes for everything that people complain about..ie cell phones.

]]> By: Izzy http://www.canadiancapitalist.com/ontario-versus-the-mutual-fund-industry/#comment-200665 Izzy Tue, 22 Sep 2009 12:42:19 +0000 http://www.canadiancapitalist.com/?p=2969#comment-200665 CC i agree. Let the PR offensive begin on both ends. Many people dont understand just how much both sides take millions from peoples nesteggs. CC i agree. Let the PR offensive begin on both ends. Many people dont understand just how much both sides take millions from peoples nesteggs.

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