Sentences with phrase «withheld by a mutual fund»

A trailer fee is one of many fees withheld by a mutual fund for management.

Not exact matches

As with all mutual funds, Transamerica funds may be required to withhold U.S. federal income tax at the fourth lowest tax rate applicable to unmarried individuals (24 % as of January 1, 2018) on all taxable distributions payable to you if: a) you fail to provide the fund with your correct taxpayer identification number; b) you fail to make required certifications; or c) if you have been notified by the IRS that you are subject to backup withholding.

Canadian resident mutual funds, ETFs and pooled funds therefore have 15 per cent withholding tax on dividends and only receive 85 per cent of any dividends paid by the underlying U.S. stocks.