A quick guide to how income distributions on ETFs and mutual funds work Apr 12th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News

B.C.'s real estate professionals on what they need to stop money laundering in housing - CBC.ca Apr 16th

B.C.'s real estate professionals on what they need to stop money laundering in housing  CBC.caKey players in B.C.'s real estate industry have put forward several recommendations they say will help in the fight against money laundering. The provincial ...View full coverage on Google News.... More »

How to calculate capital gains and losses on rental property Apr 16th

Q.  I am selling my rental property, which I lived in for six years before renting it out the last five years. I do not own another home and I am selling this one for less than market value because some horrible renters caused the property to become run down. My mortgage principal is $263,000 and I.... More »

Brexit: a value play or value trap? Apr 15th

Are you tired of hearing about Brexit? Well, get in line. Over the last year, the U.K.’s European Union debacle has taken several ridiculous twists and turns. I won’t attempt to list everything that’s happened, as it’s been one of the more confusing political events in history, but as of rig.... More »

Feds pledge $15.3M for opioid research, harm reduction - CTV News Apr 25th

Feds pledge $15.3M for opioid research, harm reduction  CTV NewsThe federal government announced an investment Wednesday of more than $15 million earmarked for opioid research and harm reduction initiatives..... More »
Q. I’m wondering if the reinvested income in mutual funds and ETFs paid only to existing investors who hold the units at the time of the distribution. If I sold my holding just before the distribution, am I out of luck? Or would the income still accrue to me, since I held the shares when that income was being earned?
– Steve
A. If you’re used to holding individual dividend-paying stocks, distributions from mutual funds and ETFs can be complex and confusing. But you’ll be happy to know that you’re not “out of luck” if you sell your mutual fund or ETF units before they pay out income to their investors.
Let’s break this down by imagining two investors: Sheila holds 50 individual dividend-paying stocks, while Harold owns a mutual fund that holds those same 50 stocks. Each of these companies is likely to have a slightly different dividend schedule, so Sheila will likely receive dividend income in dribs and drabs throughout the year.
Meanwhile, Harold’s mutual fund will receive all of the same dividend income, and on the same schedule as Sheila…

Continue Reading On moneysense.ca »


Compare insurance quotes through Kanetix.ca - save time and money!