The sad fate of labour-sponsored funds

The sad fate of labour-sponsored fundsRemember when all you heard from investment salespeople during the RRSP season was about the 30 per cent tax credits available on a labour-sponsored fund? Sometimes, they added the RRSP deduction and showed how 75 to 80 per cent of your contribution was subsidized. Sounded like a great deal, right? But did they also mention the sky high management fees or the fact that a portfolio of emerging businesses might…

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