On January 31, 2025, the Federal Minister of Finance announced the proposed capital gains increase will be deferred to January 1, 2026 (“the deferral”). The deferral will impact:

  • Timing of tax-slip availability for all iA Clarington funds
  • Distributions for certain iA Clarington funds

Tax Slips for Non-Registered Accounts

As a result of the deferral, the information to be reported on certain tax slips must be recalculated to ensure taxpayers receive accurate information. Canada Revenue Agency has provided issuers with the following extensions for the mailing of tax slips:

  • T5 and T5008 – March 17, 2025
  • T3 – May 1, 2025

Tax slips for iA Clarington funds will be available on the Advisor Account Inquiry portal by March 10, 2025 and mailed on March 17, 2025. 

Distribution Impact

The deferral impacts distributions issued for the following iA Clarington funds:

  • IA Clarington Global Dividend Fund ($CDN and $USD)
  • IA Clarington Canadian Small Cap Fund ($CDN and $USD)
  • IA Clarington U.S. Dividend Growth Fund ($CDN and $USD)
  • IA Clarington Global Multifactor Equity Fund

For the above funds, we will be posting a notional distribution for December 24, 2024.

  • IA Clarington Inhance Moderate SRI Portfolio

For this fund, we will be reclassifying a portion of the return of capital as capital gains. iA Clarington will revise the tax factors and update the adjusted cost base for impacted accounts. This will be reported in the TS file and we will provide further updates once the file is available.

If you have any questions, please contact Client Services at 1-888-860-9888 or funds@iaclarington.com.