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Corporate Class Funds

With respect to the 2016 Federal Budget announcement, effective January 1, 2017, switches between Corporate Class mutual funds will no longer benefit from tax-deferred treatment, and instead will be treated as a disposition at fair market value, triggering a capital gain or loss. Due to the tax sheltered nature of registered plans, only non-registered accounts will be impacted by this change. Investors are encouraged to speak to their investment advisor about these changes and their options.

Franklin Templeton will continue to monitor regulatory changes impacting Corporate Class funds and work with industry groups and other stakeholders to better understand impact to investors, and seek to mitigate that impact where possible.

Please contact your Franklin Templeton Representative for more information.