Etienne C. Laplante, "Two Methods of Winding Up Mutual Fund Trusts", Canadian Tax Focus, Vol. 15, No, 1, February 2025, p. 6

Summary Under
Tax Topics - Income Tax Act - Section 132 - Subsection 132(4) - Capital Gains Redemption

Mechanics for CGR wind-up (pp. 6-7)

  • Where a mutual fund trust (MFT) is wound-up using the capital gains refund (CGR) method, it redeems its units...

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Summary Under
Tax Topics - Income Tax Act - Section 132 - Subsection 132(5.3)

S. 132(5.3) likely inapplicable to redemptions by virtue of an MFT wind-up

  • S. 132(5.3) refers to a “redemption by [a] beneficiary,” which...

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