As the RRSP season approaches I start scooping new stuff about Mutual Funds and other investments . T-series funds made me inquisitive. Little research revealed that these are tax efficient income generating funds which distribute a percentage of annualized distribution. Sometimes but often they also return part of capital which is not immidiately taxed . Tax is deferred until units are sold. However, the Adjusted cost base ( ACB ) is reduced by such return of capital (ROC) Here is useful commentary on T -series in an article published in Toronto Star by Rudy Luukko of Morning Star Canada. The problem: You're a long-term investor who likes the higher growth potential of equity and balanced funds, but you need cash every month, more than the fund can pay out in income and capital gains. The solution: T-series funds. They're designed for non-registered accounts and are becoming an increasingly common purchase option. The "T" is short...