How do fund houses charge the various taxes like dividend distribution tax, capital gains tax and securities transaction tax that a mutual fund is subject to? Are these deducted from the returns the fund generates?
I am a Canadian Permanent Reside, my parents would like to send me around CAD $ 100,000 as a gift which I will invest in a business. Will I be taxed (gift or inheritance) on the money I will receive by Canada Revenue Agency. The money will be send from my father’s bank account to my bank account. It will be a wire transfer.