ETFs were exempt until this week from a change to the allocation to redeemers methodology, but new legislation hasn't been introduced
Reorganization is in response to draft legislation that will implement changes to the "allocation to redeemers" rules
A report argues the changes should include an income test
Measures include rules on annuities, tax changes affecting funds
Proposed rules from Budget 2019 could negatively impact the Canadian ETF market
The rules will not apply to options granted by Canadian-controlled private corporations
The budget bill is missing key measures announced in the March 22 budget
Annuities and changes to how fundholders are taxed are also unlikely to be dealt with before the fall election
Feds create new annuity options, enhance Homebuyers’ Plan
The 2019 federal budget includes several lower-profile tax changes that could affect your clients