7150 Hawthorne Dr. Unit 104
Windsor, ON, N8T 3N3
Phone: (519) 974-6688
Toll Free: +1 866-973-4846
Fax: (519) 974-7192
Unlike tax-sheltered RESP's, In Trust For accounts are fully taxable. Dividends or interest income are taxed in the hands of the adult, but capital gains are taxed in the hands of the child. A child could receive up to $15,268 in capital gains each year and not pay any tax since the basic personal credit of $7,634 will offset the taxable portion of the capital gain ($15,268 x 50.00% inclusion rate = $7,634). Consequently, the degree to which investments generate capital gains will make a considerable impact on the after-tax return of In Trust Accounts
The contents of this website do not constitute an offer or solicitation for residents in the United States or in any other jurisdiction where either Seguin Financial Group and/ or Sterling Mutuals is not registered or permitted to conduct business. Mutual funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus carefully before investing. Mutual funds are not guaranteed, their values fluctuate frequently, and past performance may not be repeated.
Insurance products, and other related financial services are provided by Seguin Financial Group as independent insurance agents, and are not the business of, or monitored by Sterling Mutuals Inc.
For more information, click on the following: Legal Information, Privacy Policy and Client Complaint Procedures.
