首次置业储蓄账户First Home Savings Account (FHSA)

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2’Succeed Inc. offers Tax, accounting and consulting services.
Mutual funds investment activities, and mutual funds investment is offered through Monarch Wealth Corporation.  Mutual fund investments may be associated with commission charges, services fees or trailing commissions, management fees and expenses. Before investing, an investor is advised to read the simplified prospectus or Fund Facts carefully. The value of mutual funds may fluctuate frequently, and past performance may not be repeated. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned. The extent of the risk involved is a determination to be made by each purchaser and will vary depending on the circumstances of the purchaser and the funds invested, and purchases are subject to suitability requirements. Please discuss the risks associated with mutual fund investments with a mutual fund representative before investing.
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As with any investment, there are risks to investing in mutual funds or pools. There is no assurance that any mutual fund or pool will achieve its investment objective, and its net asset value, yield and investment return will fluctuate from time to time with market conditions. Mutual funds or pools are not guaranteed; their values change frequently, and past performance may not be repeated. Investors will pay management fees and expenses and may pay commissions and trailing commissions and may experience a gain or loss when they sell their units in any mutual fund or pool. Mutual funds or pools are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.
The indicated rates of return in this communication are historical annual compound total returns including changes in unit value and the reinvestment of all distributions and do not take into account sales, redemption, distribution, optional charges or income taxes payable by any security holder that would have reduced returns.
A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the ACB goes below zero. Investors should not confuse this cash-flow distribution with a fund’s rate of return or yield. While investors in Series T8/S8/I8 and/or T5/S5/I5 will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. T-SWP will also pay a distribution that must be reinvested in December, consisting of income and capital gains.
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The opinions expressed are those of the author and may not necessarily reflect those of Monarch Wealth Corporation.