Core Viewpoint - Fidelity Investments Canada ULC announced the final 2025 annual reinvested capital gains distributions for its ETFs and mutual funds, reflecting changes due to investor activity since earlier estimates were provided [1][2]. Distribution Changes - The annual capital gains distributions per unit for various Fidelity ETFs and Funds have been adjusted, with significant changes noted for several specific funds, including the Fidelity U.S. High Dividend ETF and Fidelity Canadian Low Volatility ETF [2]. - The distributions announced in this press release supersede those from previous announcements made on November 24 and December 18, 2025 [2]. Distribution Details - The ex-dividend date and record date for the 2025 annual distributions is December 29, 2025, with payments scheduled for December 31, 2025 [3]. - The actual taxable amounts of reinvested and cash distributions for 2025 will be reported to brokers in early 2026 [4]. Fund Performance Data - A detailed table lists the net asset values (NAV) and annual capital gains per unit for various Fidelity ETFs as of December 15, 2025, including percentages of NAV for each fund [5][6][7][8]. - For example, the Fidelity U.S. High Dividend ETF (FCUD/FCUD.U) has an annual capital gain of $2.51168 per unit, representing 6.39% of its NAV [5]. Company Overview - Fidelity Investments Canada manages assets totaling $349 billion as of December 24, 2025, and is committed to providing a range of investment and wealth management products and services [9].

Core Viewpoint - Vanguard Investments Canada Inc. announced the final annual capital gains distributions for its ETFs for the 2025 tax year, updating previous estimates from November and December 2025 [1]. Group 1: Capital Gains Distributions - The year-end capital gains distributions will be reinvested, and the number of units held by each investor will remain unchanged [2]. - The ex-dividend date for the 2025 annual distributions is December 23, 2025, with the record date also on December 23, 2025, and payments scheduled for January 2, 2026 [3]. - Specific annual capital gains per unit and their percentage of net asset value for various Vanguard ETFs were not disclosed in the announcement [4]. Group 2: Company Overview - Vanguard manages CAD $130 billion in assets as of November 30, 2025, with a total of 38 Canadian ETFs and ten mutual funds available [6]. - The Vanguard Group, Inc. oversees USD $11.9 trillion (CAD $16.4 trillion) in global assets, including over USD $4 trillion (CAD $5.5 trillion) in global ETF assets as of October 31, 2025 [6]. - Vanguard operates under a unique mutual structure, aligning the interests of the company with those of its investors, which enhances stability and client focus [7].

Core Viewpoint - Fidelity Investments Canada ULC has announced estimated annual reinvested capital gains distributions for its ETFs and mutual funds for 2025, indicating potential changes in these estimates as the year progresses [1][9]. Group 1: Estimated Distributions - The estimated annual capital gains distributions will be reinvested, and the number of units held by each investor will remain unchanged [2]. - Fidelity expects to announce the final annual reinvested distribution amounts and monthly cash distribution amounts around December 18, 2025 [3]. - The ex-dividend and record date for the 2025 annual distributions is set for December 29, 2025, with payments scheduled for December 31, 2025 [3]. Group 2: Distribution Details - The estimated capital gains per unit for various Fidelity ETFs as of October 16, 2025, include: - Fidelity U.S. High Dividend ETF: $1.97457 (4.98567% of NAV) - Fidelity U.S. High Dividend Currency Neutral ETF: $1.24708 (3.72869% of NAV) - Fidelity U.S. Dividend for Rising Rates ETF: $2.38199 (4.83168% of NAV) [5]. - Additional ETFs such as Fidelity Global Monthly High Income ETF and Fidelity Core U.S. Bond ETF have estimated capital gains of $0.41181 (2.70412% of NAV) and $0.12848 (0.49827% of NAV) respectively [5][6]. Group 3: Company Overview - Fidelity Investments Canada manages assets totaling $334 billion as of November 21, 2025, and is committed to providing a diverse range of investment and wealth management products [10].

Group 1 - The article discusses the challenges investors face with capital gains distributions that are not withheld for taxes, leading to large tax bills when filing returns [1][3] - It suggests proactive measures to manage tax liabilities, including increasing withholding from other income sources or making quarterly estimated tax payments [3][5] - Investors may also contact mutual funds directly to inquire about withholding options, although this is not commonly facilitated [4] Group 2 - Capital gains distributions occur when mutual funds or ETFs sell underlying investments, resulting in taxable income for investors, even if they haven't sold their shares [5][7] - These distributions are typically announced by funds in November or December, making it difficult for investors to anticipate their tax liabilities [6] - The income from capital gains distributions is taxed as long-term capital gains, regardless of the duration of ownership of the fund shares, with rates of 0%, 15%, or 20% based on overall taxable income [8]

Investment Strategies - Mutual funds or ETFs capital gains distributions information [1] - Reinvesting strategies for capital gains distributions [1] Tax Implications - Tax implications of capital gains distributions from mutual funds or ETFs [1]