Tax Smart Solutions

with Scotia Corporate Class Funds


Scotia Corporate Class Funds

Investing outside a registered plan often comes with an unwelcome tax bill. Scotia Corporate Class Funds offer tax-advantaged distributions as well as predictable monthly cash flow to help meet ongoing income needs.


Tax-Advantaged Distributions

Taxes can take a bite out of your savings – especially if distributions are in the form of higher-taxed interest income. Scotia Corporate Class Funds are structured to distribute tax-advantaged capital gains dividends and ordinary Canadian dividends to shareholders when necessary.

Return of capital (ROC) represents the return of a portion of an investor’s original investment (i.e. capital) and is not immediately taxable. For distributions that include ROC, an investor’s adjusted cost base is reduced, which may in turn result in a larger capital gain when the fund is sold.



Corporate Class Income Options

With Series T options, withdrawing an income from corporate class investments is easy. Series T portfolios are designed to provide a regular, tax-efficient cash flow.

Benefits:


Receive regular cash flow while maintaining a professionally managed and diversified portfolio that’s suited to your individual needs.

Greater tax efficiency by combining a variety of income sources, including return of capital.

Stop, start or adjust your cash flow at your convenience by selecting the Series T portfolio that best suits your income needs.

Learn more about our tax-smart Corporate Class Funds & Portfolios


Portfolio Solutions


Scotia Funds


Here's three ways Scotia Corporate Class Funds can help build and protect your wealth:

Diversify & Rebalance without immediate tax implications

New job, promotion, marriage, inheritance, retirement…a lot can happen during your lifetime. As your financial situation changes, you may need to rebalance your portfolio to reflect your new goals and needs. A key benefit of Scotia Corporate Class Funds is the ability to switch from one fund to another without triggering an immediate taxable event.

Note: Tax is deferred, but not eliminated. Investors should seek tax advice for their individual circumstances.

Smaller Potential Distributions

To help lower your immediate taxable income, Scotia Corporate Class Funds offer the potential for smaller taxable distributions. When distributions are paid they may be in a form that is taxed at a lower rate than interest income.



Tax-Deferred Growth to Maximize Your Savings

With tax-deferred switching and smaller potential distributions, you keep more of your money in your portfolio – meaning you have more money compounding over time.


Are Scotia Corporate Class Funds right for you?

Scotia Corporate Class Funds are suitable for customers with a higher balance of non-registered investable assets ($50,000) who are seeking a longer-term investment solution and do not have immediate needs for income from their investments.

Here are some questions that can help you decide if Scotia Corporate Class Funds are right for you:

  • Do you invest outside of a registered plan (RRSP, RESP, TFSA)?
  • Do you want the option to adjust or rebalance your holding without the worry of immediate tax consequences?
  • Are you a retiree who wants to reduce your current income to maximize your Old Age Security (OAS) benefit?
  • Do you want to set-up an informal in-trust account for your child or grandchild?

If you answered "yes" to any of these questions, talk to your Scotia advisor about how Scotia Corporate Class Funds may be incorporated in to your investment portfolio.

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Scotiabank Corporate Class Funds 3:53 min | Transcript
Grow, balance, and defer taxes on your investments. Scotia Corporate Class Funds are a tax-smart solution for flexibility and choice in managing your non-registered investments.

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