The latest edition of the Mackenzie Mutual Fund Tax Guide for investors working on their 2003 tax return is now available on the Mackenzie Web site.

The guide answers some of the most commonly asked questions about mutual fund taxation including:

    What are distributions?

  • What is “return of capital”; and should I pay tax on it?
  • When I received a distribution, why did the price of my mutual fund drop?
  • What tax receipts will I receive from my registered accounts?
  • What happens if I redeemed or exchanged mutual fund units during the year?
  • What do I do with capital losses?, and What is a deemed disposition?