Unitholders also receive yearly statements detailing the tax status of all earnings from the fund, including dividends and capital-gains information. The fund company issues either a T3 or a T5 slip for tax purposes, listing the type and amount of income you must report on your income-tax return. All you have to do is spend a few minutes reading the material. Key Points to Remember Mutual funds provide quick access to your money. Twenty-five dollars is all you need to start.
Mutual funds offer uncomplicated diversification.
Mutual funds make investing easy and simplify record keeping.