Class I (GOF 504) Share Price $10.07 (as of May 17, 2013)
Overview
Investors in Golden Opportunities Fund are entitled to receive generous tax savings by way of tax credits and tax deductions due to RRSP eligibility. Investors are entitled to receive a 15% Federal tax credit (to a maximum of $5,000 per taxation year) and a 15% Provincial tax credit (on investment amounts up to $12,000 per taxation year) for a total 30% tax credit.
Your Cost on a $12,000 Investment Could be as Little as $3,882*
Golden Opportunities Fund is a unique investment which differs from a conventional mutual fund providing significant tax savings by way of both tax credits and RRSP tax deductions. Investors receive 30% in tax credits on their investment while ensuring their funds remain at work in the Province building companies.
*Assuming a marginal tax bracket of 46.40%, a minimum taxable income of $132,407 and a maximum $12,000 RRSP investment.
| Sample Taxable Income | Marginal Tax Rate | 30% Tax Credit1 | RRSP Tax Savings2 | Total Tax Savings & Credits | Your Net Cost |
|---|---|---|---|---|---|
|
BASED ON A $3,500 INVESTMENT - Click Here To Calculate Your Exact Tax Savings
|
|||||
| $ 25,000 | 25.80% | $ 1,050 | $ 903 | $ 1,953 | $ 1,547 |
| $ 55,000 | 34.75% | $ 1,050 | $ 1,216 | $ 2,266 | $ 1,234 |
| $ 100,000 | 43.40% | $ 1,050 | $ 1,519 | $ 2,569 | $ 931 |
| $ 145,000 | 46.40% | $ 1,050 | $ 1,624 | $ 2,674 | $ 826 |
|
BASED ON A $5,000 INVESTMENT - Click Here To Calculate Your Exact Tax Savings
|
|||||
| $ 25,000 | 25.80% | $ 1,500 | $ 1,290 | $ 2,790 | $ 2,210 |
| $ 55,000 | 34.75% | $ 1,500 | $ 1,738 | $ 3,238 | $ 1,762 |
| $ 100,000 | 43.40% | $ 1,500 | $ 2,170 | $ 3,670 | $ 1,330 |
| $ 145,000 | 46.40% | $ 1,500 | $ 2,320 | $ 3,820 | $ 1,180 |
|
BASED ON A $12,000 INVESTMENT - Click Here To Calculate Your Exact Tax Savings
|
|||||
| $ 25,000 | 25.80% | $ 2,550 | $ 3,096 | $ 5,646 | $ 6,354 |
| $ 55,000 | 34.75% | $ 2,550 | $ 4,170 | $ 6,720 | $ 5,280 |
| $ 100,000 | 43.40% | $ 2,550 | $ 5,208 | $ 7,758 | $ 4,242 |
| $ 145,000 | 46.40% | $ 2,550 | $ 5,568 | $ 8.118 | $ 3,882 |
Investments of $5,000 and $12,000 are used for examples only. Investors may invest up to $12,000 annually for maximum tax credits.
- Tax credits equal to 30% of the amount of your investment are available whether or not you hold your investments in an RRSP.
- Estimated tax reduction from a contribution to an RRSP for individuals with different levels of taxable income, as shown. RRSP tax savings are not unique to this investment.
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