Posted By 
By Som Seif, Purpose Investments
Special to the Financial Independence Hub
As many of you have already heard, in its most recent budget, the federal government announced plans to alter the structure of the corporate class model.
Starting in September, switching between corporate class series funds will become a taxable event: just like that of a traditional mutual fund trust.
While this decision will affect retail investors’ ability to compound wealth over the long term and will likely result in some mutual fund manufacturers electing to abandon the corporate class structure, it has very little impact on the true benefit of the structure.
Structure still has tax-efficient distribution yields
