Limited Partnership and Mutual Fund Trust
Investors have the option of investing in the First Source Mortgage Limited Partnership ( “LP”) directly or through the First Source Mortgage Trust (“Trust”), which invests in LP units in the First Source Mortgage LP.
Units in the Trust are eligible investments for registered funds (RSP/RIF/RESP/TFSA).
Corporate investors (for example, investors investing through a personal holding company) investing directly in the LP will earn business income on ALL income from the LP, reducing the effective tax rate on Fund income for some investors by as much as 23%*. This tax treatment can drive a significantly higher after-tax yield with a benefit of over 200 basis points based on targeted net returns for the Fund.