Fidelity Investments Canada Ltd. is adding six equity funds to its Fidelity T-SWP line-up. Available for sale October 31, 2002, these additional funds give investors and advisors more choices for tax and financial planning.

Fidelity launched the Tax-Efficient Systematic Withdrawal Plan, or T-SWP , in January 2002, with three balanced funds. It is now the first to offer T-SWPs on a full range of core equity funds, including Canadian, U.S. and global equity choices.

The six funds include: Fidelity True North Fund Fidelity Growth America Fund Fidelity International Portfolio Fund Fidelity Canadian Disciplined Equity Fund Fidelity American Disciplined Equity Fund Fidelity Global Disciplined Equity Fund.

“T-SWP is built for investors who are transitioning from savings for retirement to spending in retirement,” said Wilfred Vos, vice president of product development, in a news release. “It is designed specifically to provide them with the cash flow they need today, but defer the taxes until they decide to trigger them somewhere down the road, probably when their income picture and tax bracket has changed.”

The cash flow from T-SWP is composed primarily of return of capital, which for tax purposes, can be paid to investors without triggering immediate tax consequences. The equity service will aim to pay out a monthly cash flow of approximately 13.5¢ per unit or 8.1% of the starting net asset value of $20 per year.

Fidelity says it will aim to keep the monthly payout in the range of 6% to 10% of the NAV each year.