Bullboard - Stock Discussion Forum North American Financial 15 Split Corp FNCSF

Primary Symbol: T.FFN

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

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North American Financial 15 Split Corp > Troubling Budget Headlines

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Post by AnEducator on Apr 16, 2024 4:41pm

Troubling Budget Headlines

Capital Gains taxes are set to increase for certain individuals and companies. I'm not fully versed on the details, but this is certainly not encouraging for Canadian markets.

Thanks to CDNINV1 again for posting the updated NAV.

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Comment by CDNINV1 on Apr 16, 2024 4:58pm

POSTED ON CANADA .CA Budget 2024 proposes an increase in taxes on capital gains on the wealthiest 0.13 per cent. To make Canada's system more fair, the inclusion rate—the portion of capital gains on which tax is paid—for capital gains for individuals with more than $250,000 in capital gains in a year will increase from one-half to two-thirds. Individuals will continue to only pay ...more

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