IFIC Welcomes Finance Canada Amendment to Advantage Rules
(WorldNews Canada)

TORONTO, Oct. 10, 2019 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) welcomes the federal Department of Finance´s decision to amend the definition of `advantage` under subsection 207.01(1) of the Income Tax Act. The update will specifically clarify that investment management fees paid outside of registered plans do not constitute an advantage for the plan. ......