Comments on: Ontario’s HST (Harmonized Sales Tax) Might Mean Mutual Funds Cost You Even More http://www.getmoneyenergy.com/2009/10/hst-harmonized-sales-tax-mutual-funds-investments/ DRIP Investing for Dividend Growth, Cashflow and Financial Freedom Sat, 04 Sep 2010 00:02:31 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Carman Bicker1on http://www.getmoneyenergy.com/2009/10/hst-harmonized-sales-tax-mutual-funds-investments/comment-page-1/#comment-3125 Carman Bicker1on Sat, 28 Nov 2009 20:47:13 +0000 http://www.getmoneyenergy.com/?p=2610#comment-3125 So, as I undertstand it, we will now have two classes of pensioners, those who draw payments from company pension plans, who will be exempt, and those who have to scrounge for themselves who aren't. Carman So, as I undertstand it, we will now have two classes of pensioners, those who draw payments from company pension plans, who will be exempt, and those who have to scrounge for themselves who aren’t. Carman

]]> By: MoneyEnergy http://www.getmoneyenergy.com/2009/10/hst-harmonized-sales-tax-mutual-funds-investments/comment-page-1/#comment-2917 MoneyEnergy Wed, 14 Oct 2009 18:14:01 +0000 http://www.getmoneyenergy.com/?p=2610#comment-2917 Hi George, thanks for the comment. As I understand it, though, the tax will be applied to individual investors on top of what they already pay (5%) on fees - with or without whatever fund managers decide to do with their savings. Hi George, thanks for the comment. As I understand it, though, the tax will be applied to individual investors on top of what they already pay (5%) on fees – with or without whatever fund managers decide to do with their savings.

]]> By: George Keeming http://www.getmoneyenergy.com/2009/10/hst-harmonized-sales-tax-mutual-funds-investments/comment-page-1/#comment-2916 George Keeming Wed, 14 Oct 2009 17:35:35 +0000 http://www.getmoneyenergy.com/?p=2610#comment-2916 The HST is not a tax on savings. Fund Managers will receive input tax credits for items used to run their operations. Once they realize those savings they'll have a choice - keep it to themselves or pass on the savings to their customers. The HST is not a tax on savings.

Fund Managers will receive input tax credits for items used to run their operations. Once they realize those savings they’ll have a choice – keep it to themselves or pass on the savings to their customers.

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