EXM-F05 — Mutual fund trailing commissions are now taxable. CRA

Mutual fund trailing commissions are now taxable. CRA: most services provided in exchange for trailing commissions no longer meet the definition of a financial service. Enforcement moved from 1 July 2026 to 1 January 2028. Applies equally to independent advisors, not only dealers. Brokering the issuance of units for a one-time trading fee remains exempt. Earlier enforcement where a dealer already treated the supplies as taxable and claimed ITCs