Taxes can have a large impact on your return. There are different tax rules depending on the type of investment you have. For example, there are different rules for investments that:
• Pay interest
• Pay dividends
• Produce a capital gain when sold
• Are a foreign investment
Calculating your net return after tax: Sallia's story
To see how taxes affect an entire investment portfolio, read Calculating your net return after tax: Sallia’s story.
Remember that if you invest in a sheltered plan, such as a Registered Retirement Savings Plan (RRSP), you won’t pay the tax due until you withdraw the money out of the plan.
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