Investors in debt mutual funds are angry that they will still be paying higher taxes and not getting the same concessions offered to property owners after the budget.
Some holders of debt mutual funds could end up paying 40 per cent more tax than they had originally planned because of this year's tax changes. The blow is especially hard because the government had specifically allowed for what's called grandfathering in the 2023 budget for debt mutual funds, meaning that any purchases before that would be taxed at the old rates.
