Susanna is a long-term investor who has held ABC Canadian Equity Fund in her non-registered account for over 20 years. She has never sold a unit of the fund. The fund has an average annual compound return of 8%. It pays regular annual dividends, which Susanna reinvests to purchase additional units. This year, the fund had an unusually high turnover of 70% as it realized on gains in some long-held securities. What impact, if any, will the ownership of this fund have on Susanna's taxes in the current year?

Answer rating: 100% (QA)

Solution The ownership of the ABC Canadian Equity Fund in Susannas nonregistered account may have th... View the full answer