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  2. In most situations, income from mutual funds is taxed in two ways: While you own the shares or units, you are taxed on the distributions of income that are flowed out to you. If you own units of a mutual fund trust, the trust will give you a T3 slip, Statement of Trust Income Allocations and Designations.

  3. In most situations, income from mutual funds is taxed in two ways: While you own the shares or units, you are taxed on the distributions of income that are flowed out to you. If you own units of a mutual fund trust, the trust will give you a T3 slip, Statement of Trust Income Allocations and Designations. If you own shares of a mutual fund ...

  4. This section contains general information on the tax treatment of income received from Canadian mutual funds. It will help you understand what a mutual fund is, how to report income, and how to report the sale of mutual fund units or shares.

  5. Nov 7, 2022 · Despite stock market losses in 2022, investors may receive year-end mutual fund distributions, which can trigger a tax bill. Typically, mutual fund payouts happen once per year,...

  6. Oct 5, 2022 · The Canada Revenue Agency (CRA) taxes mutual funds, and if you make this type of investment, it is important to understand your reporting and tax obligations. Here is an overview of the basics.

  7. This PDF guide provides general tax information related to the purchase and sale of mutual fund investments in a nonregistered account, with a specific focus on how mutual fund distributions are taxed. Download the guide.

  8. Sep 18, 2023 · Most mutual funds have distribution plans in the form of dividends, interest income, or capital gains distributions at some point in the fiscal year. However, if a fund doesn’t make any type of distribution, or if the fund makes non-taxable distributions, you do not owe any taxes.

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