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What are the Goods and Services Tax (GST) implications of Investments in the Hour-Glass?

April 26, 2017GST hour-glass implications investments Services tax

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What are the Goods and Services Tax (GST) implications of Investments in the Hour-Glass?

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Client investments in the Hour-Glass do not incur GST, as they are “input-taxed”. The fees the Hour-Glass pays to investment managers, the custodian and TCorp are subject to GST, but the impact on investment returns is very small as the Hour-Glass obtains compensating tax credits.