The sad fate of labour-sponsored funds

Remember 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 prove to be highly illiquid in an economic downturn?  Read More…

This article has 1 Comment

  1. Harvey Crockett

    Yup the management fees killed me and didn’t know at the time. Was a bit furious that the saleswoman didn’t bring this up at all.

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