All in Tax
Because I like to make life difficult for myself, I thought I would write a blog post on the tax implications of using a FIF. A Foreign Investment Fund. Due to the proliferation of online investment providers like Hatch, Sharesies, InvestNow, Smartshares, Kernel, Betashares, Stake etc. I’m getting more and more emails from people who are concerned about the national and international tax implications of using these platforms.
With so many new investment platforms coming on stream in the last couple of years, it has never been easier to buy a stake in a company via either an index fund or by buying individual shares. It is awesome how accessible investing has become. But in this effort to uncomplicate becoming an investor a lot of these newer investment platforms have inadvertently put investing through the complicator when it comes to tax time, because many of you are unsure about how to handle investments in regards to tax. So this blog post is going to focus on how I go about things at tax time.
