Fidelity Investments Canada Ltd. has filed a preliminary simplified prospectus with securities regulators for Fidelity Capital Structure Corp. The proposed capital structure will comprise 17 capital classes and will be introduced by early fall, subject to regulatory approval.

Also known as umbrella, corporate structure, or tax efficient funds, a capital structure allows investors to switch between classes while minimizing any capital gains taxes. Capital classes are especially suitable for investment within a non-registered plan.

Fidelity Capital Structure Corp. includes a broad range of Canadian and global investing choices including: Canadian equities; American equities; international equities; sector equities; and fixed-income securites, and one balanced class.

According to Fidelity, each class will be available in series A and series F shares unless otherwise indicated.

“Reducing taxes is generally top of mind for Canadian investors as shown by the tremendous success of the RRSP,” said Wilfred Vos, vice president of product development “This structure offers them another tool for achieving that — a way to prudently re-balance a portfolio from time to time as market conditions and financial plans change, while minimizing the tax impact.”