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One notable component of the expense ratio of U.S. funds is the "12b-1 fee", which represents expenses used for advertising and promotion of the fund. 12b-1 fees are paid by the fund out of mutual fund assets and are generally limited to a maximum of 1.00% per year (.75% distribution and .25% shareholder servicing) under FINRA Rules.
The distinction between a LIRA / LRSP and a registered retirement savings plan (RRSP) is that, where RRSPs can be cashed in at any time, a LIRA / LRSP cannot. Instead, the investment held in the LIRA / LRSP is "locked-in" and cannot be removed until either retirement or a specified age outlined in the applicable pension legislation (though certain exceptions exist).
The effect of this rule, set out in section 146(4)(b)(i) and (ii) of the Income Tax Act, is that business income on qualified investments, earned within an RRSP, is subject to zero tax while the income remains within the RRSP. This means that business income, for example, due to day trading within the RRSP, is not taxed, so long as the business ...
Account fees. No annual, activity or transfer-out fee. $25 fee for certain accounts (can be waived with $5,000,000 in Vanguard assets or email delivery of statements) No-transaction-fee mutual ...
Manulife Trust is a wholly owned subsidiary of Manulife Bank. Like its parent company, Manulife Bank, Manulife Trust is a member of the Canada Deposit Insurance Corporation (CDIC). In 2015, Manulife Bank entered into a deal with Alimentation Couche-Tard to add ATM machines to 830 Mac's Convenience Stores , Circle K , and Couche-Tard locations.
Recent research reveals that caffeine has health benefits for most moderate coffee drinkers. Here are the pros and cons of drinking certain coffees, with expert insights and advice.
Meghan Markle and Prince Harry are ushering in Christmas with a beloved tradition.. Last month, the Duchess of Sussex opened up about her love for the holiday season and the memories she looks ...
Manulife Financial Corporation (French: Financière Manuvie) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division. [ 4 ]