Legal | Mackenzie Investments

Legal Disclaimers

By accessing and using this website (the "Site"), you acknowledge that you have read, understood, and agree to accept and be bound by the terms of the Legal Disclaimers set out below. These Legal Disclaimers apply to all aspects of the Site, including the portions of the Site that may only be accessed by login credentials. The Legal Disclaimers may be modified by us from time to time without notice, by posting any changes in this document. Your continued access or use of the services provided by this Site will mean you accept the terms of the Legal Disclaimers including any changes made to them. If you do not accept any of the terms below, please discontinue use of this Site and any of its associated pages. The laws of the Province of Ontario, and any applicable federal laws of Canada will govern these terms and your use of this Site.

General

  1. About Mackenzie Financial Corporation

    Mackenzie Financial Corporation ("Mackenzie") was founded in 1967, and is a leading investment management firm providing investment advisory and related services. Mackenzie distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies. For more information, visit About Mackenzie Investments.

  2. About The Great-West Life Assurance Company

    Founded in Winnipeg in 1891, The Great-West Life Assurance Company ("GWL") is a leading Canadian life and health insurer, offering a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. GWL provides a wide range of retirement savings and income plans, as well as life, disability and critical illness insurance for individuals and families. As a leading provider of employee benefits in Canada, GWL offers effective benefit solutions for large and small employee groups. The Mackenzie Segregated Funds' individual variable annuity policy is issued by GWL, a Mackenzie affiliate.

    "Mackenzie" or "Mackenzie Group of Companies" includes Mackenzie Financial Corporation. Mackenzie is affiliated with Investors Group Inc. and The Great-West Life Assurance Company.

  3. About the Strategic Charitable Giving Foundation

    The Strategic Charitable Giving Foundation (the "Foundation") is a non-profit charitable corporation registered as a public foundation with the Canada Revenue Agency and with the Quebec Ministry of Revenue. The objective of the Foundation is to receive and maintain charitable giving funds and to apply all or part of the principal and income from those funds to registered charities. The Foundation is governed by a Board of Directors and the majority of the Board is independent of Mackenzie and its affiliates.

  4. Trademarks and Copyrights

    Certain names, words, titles, phrases, logos, icons, graphics or designs or other content in the pages of this Site may constitute trade names, registered or unregistered trademarks or service marks (collectively, the "trademarks") of Mackenzie and its affiliates or of third parties and are used under licence by Mackenzie and its affiliates. However, the display of the trademarks on this Site does not imply that a licence has been granted to any third party. All goodwill generated from the use of the trademarks on any website will endure to Mackenzie's benefit.

    All information on this Site is protected under the copyright laws of Canada and other countries. The information is for your personal, educational and non-commercial use only and may be used and reproduced provided that it is not modified and that you maintain all copyright and other notices contained in the Site. The contents of the Site may not be otherwise used, copied, redistributed, reproduced, republished, stored in any medium, retransmitted, modified or broadcasted, in any form.

    Nothing in this document shall be construed as conferring any right or licence under any copyright of Mackenzie or any other person who owns the copyright in the content provided on our Site.

    Mackenzie disclaims any and all liability that may result from any unauthorized reproduction or use of the information from this Site.

    Any unauthorized downloading, retransmission, or other copying or modification of trademarks and/or the contents of this Site may be a violation of any federal or other law that may apply to trademarks and/or copyrights and could subject the violator to legal action.

  5. Use of Intellectual Property Rights

    Mackenzie either owns the intellectual property rights in the underlying HTML, text images, audio clips, video clips, software and other content that is made available to you on our Site, or has obtained the permission of the owner of the intellectual property in such content to use the content on our website.

    Mackenzie grants you a non-exclusive, personal, non-transferable, non-sublicensable, limited and revocable right to display on your computer, print, download and use the underlying HTML, text, images, audio clips, video clips, software and other content that is made available to you on our Site for your personal, educational and non-commercial use only, provided that you do not modify any such content and you include with and display on each copy of such content the associated copyright notice and this intellectual property notice. No other use is permitted.

    You may not publicly perform, publicly display, transmit, publish, participate in the sale or transfer of, modify, or create derivative works based on anything available through the website, in whole or in part. You are prohibited from storing electronically any significant portion of any part of the Site. No reverse engineering, linking, framing, or modification of any part of this Site is allowed without our written approval. Any modification or unauthorized use is a violation of Mackenzie's intellectual property rights and other proprietary rights.

Products and Services

  1. Offers

    Nothing contained in this Site constitutes an offer to buy or sell products or services of Mackenzie or any of its affiliates. Mackenzie products and services are only offered in jurisdictions where they may be lawfully offered for sale. All products and services are subject to the terms and conditions of applicable agreements, prospectuses and laws. It is important to note that not all products, services and information are available in all jurisdictions outside Canada. This Site should not be considered an offer to sell or solicitation to buy any investment fund or other product, service or information to anyone in any jurisdiction in which an offer or solicitation is not authorized or cannot be legally made or to any person to whom it is unlawful to make an offer or solicitation. Prospective investors who are not resident in Canada should consult with their financial advisor to determine whether these products and services may be lawfully sold in their jurisdiction.

  2. U.S. Dollar Settlement Option

    All fund performance and distribution information is based on each fund's net asset value per unit which is calculated in Canadian dollars. All US dollar NAV, performance and distribution information is calculated by converting the corresponding Canadian dollar information to US dollars using the daily exchange rate. Please note that the U.S. Dollar Settlement Option is offered as a convenience for investors who prefer to transact in US dollars. Holding fund securities under the U.S. Dollar Settlement Option has no impact on the overall performance of your investment within the fund and does not act as a hedge against currency fluctuations between the Canadian and US dollars, nor does it negate the effect of any hedging within a fund. Please refer to the prospectus for further details on the U.S. Dollar Settlement Option or speak to your advisor.

  3. Calculators

    The Calculators found on this website are provided for illustrative purposes only. The Calculators are educational tools and do not constitute advice with respect to investment, financial, legal, accounting, tax or similar matters.

  4. Prospectuses

    Important information about any mutual fund or ETF is contained in its Prospectus, Annual Information Form, Fund Facts document, ETF Facts document and in its Management Report on Fund Performance. This includes the mutual fund's or ETF's investment objective, purchase options and applicable charges. You can view copies of these documents on this Site, or at www.sedar.com. All mutual funds and ETFs are sold by Prospectus. This Site should not be considered an offer to sell or a solicitation to buy any mutual fund or ETF or other products or services available from Mackenzie.

  5. Performance

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. The indicated rates of return for the funds are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any investor that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer.

    With respect to money market funds, the performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any investor that would have reduced returns. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

  6. Index Disclosure

    The indices cited are widely accepted benchmarks for investment performance within their relevant regions, sectors or asset class, represent non-managed investment portfolios, and are not necessarily indicative of future investment returns.

  7. Distribution Disclosure

    The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.

  8. Segregated Funds Disclosure

    The Mackenzie Segregated Funds' individual variable annuity policy is issued by The Great-West Life Assurance Company, a Mackenzie affiliate.

    A description of the key features of the individual variable insurance contract is contained in the information folder. Subject to any applicable guarantee, any amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value.

  9. Mackenzie Charitable Giving Fund

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds. A charitable administration fee and charitable operating expenses will also apply. Please read the prospectus before investing and the Program Guide before donating. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information is general in nature and is not intended to be professional tax advice. Donations should not be made for tax considerations alone. Each donor's situation is unique and advice should be received from a financial advisor.

  10. Morningstar Star Ratings

    Morningstar Star Ratings reflect performance as of a particular date and are subject to change monthly. The ratings are an objective, quantitative measure of a fund's historical risk-adjusted performance relative to other funds in its category. Only funds with at least a three-year track record are considered. Ratings are calculated based on a fund's three-, five- and ten-year performance returns, as available. The overall rating is a weighted combination of the three-, five- and ten-year ratings. A fund can only be rated if there are a sufficient number of funds in its peer group to allow comparison for at least three years. For each time period, the top 10% of the funds in a category get five stars. For more details on the calculation of Morningstar Star Ratings, see morningstar.ca.

  11. Forward-Looking Statements

    This website may contain forward-looking statements which reflect our current expectations or forecasts of future events. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "preliminary", "typical", and other similar expressions. In addition, these statements may relate to future corporate actions, future financial performance of a fund or a security and their future investment strategies and prospects. Forward-looking statements are inherently subject to, among other things, risks, uncertainties and assumptions which could cause actual events, results, performance or prospects to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and assumptions include, without limitation, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, the volatility of global equity and capital markets, business competition, technological change, changes in government regulations, changes in tax laws, unexpected judicial or regulatory proceedings, catastrophic events and the ability of Mackenzie to attract or retain key employees. The foregoing list of important risks, uncertainties and assumptions is not exhaustive. Please consider these and other factors carefully and not place undue reliance on forward-looking statements.

    The forward-looking information contained on this website is current only as of the date the statement was made. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

  12. Independent Views

    Views expressed regarding a particular company, security, industry or market sector are the views of only that speaker/author as of the time expressed and do not necessarily represent the views of Mackenzie. Any such views are subject to change at any time based upon markets and other conditions and Mackenzie disclaims any responsibility to update such views. These views are not a recommendation to buy or sell and may not be relied on as investment advice and, because investment decisions for Mackenzie funds or ETFs are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Mackenzie fund or ETF.

    Speculation or stated beliefs about future events, such as market and economic conditions, company or security performance, upcoming product offerings or other projections are "forward-looking statements". These forward-looking statements represent the beliefs of the speaker/author and do not necessarily represent the views of Mackenzie. General business, market, economic and political conditions could cause actual results to differ materially from what the speaker/author presently anticipates or projects.

Termination

  1. Termination of Access

    You acknowledge and agree that Mackenzie may restrict, suspend or terminate your access to, and use of, all or any part of this Site, including any links to third party websites, at any time, with or without cause, including, without limitation, any breach of the terms of the Legal Notices set out herein, in Mackenzie's absolute discretion and without prior notice or liability.

  2. Availability of Site

    Mackenzie does not warrant that this Site will be available and meet your requirements or that access to this Site will be uninterrupted. Interruptions of availability may occur at any time, without notice, including periods of unavailability required for maintenance or technical reasons.

  3. Termination of Site

    This Site may be terminated at any time by Mackenzie without notice.

Terms of Use

  1. Contract

    These Legal Disclaimers constitute a contract between you and Mackenzie and Mackenzie is entitled to rely on it and to enforce its terms.

  2. Information

    The contents of this Site are provided for informational and educational purposes and do not constitute specific advice regarding your personal investment situation or provide specific individual advice about investment, insurance, financial, legal, accounting, tax or similar matters.

    Information contained on this Site is believed to be accurate and reliable when placed on this Site, however, we cannot guarantee that it is accurate or complete or current at all times. The information provided is subject to change without notice and Mackenzie cannot be held liable for any loss arising from any use of or reliance on the information contained on this Site.

  3. No Warranties

    All information is provided "as is" without any warranties of any kind and Mackenzie and its affiliates and their respective officers, directors, employees or agents (collectively, the "Mackenzie parties") make no representations and disclaim all express and implied warranties of any kind, including, without limitation, representations, warranties or conditions regarding accuracy, timeliness, completeness, non-infringement, merchantability or fitness for any particular purpose and the Mackenzie parties assume no responsibility to you or any third party for the consequences of any errors or omissions.

    Unless otherwise expressly indicated, all information is unaudited and there is no representation that the financial information has been prepared in accordance with generally accepted accounting principles.

    Furthermore, the Mackenzie does not represent or warrant that the Site will be available and meet your requirements, that access will be uninterrupted, that there will be no delays, failures, errors (including typographical) or omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. You have the sole responsibility for adequate protection and backup of data and/or equipment and to take reasonable and appropriate precautions to scan for viruses or other destructive properties.

  4. Indemnification

    As a condition of use of this Site, you agree to indemnify Mackenzie for any and all claims, losses, liabilities and expenses, including, but not limited to legal fees, arising from any use of this website or your violation of the Legal Notices.

  5. Use of Site

    Mackenzie is not responsible in any manner and will not be liable to you or anyone else for any loss or damages whatsoever (including direct, indirect, special, incidental, consequential, exemplary or punitive damages, and without limitation, lost revenues or profits or loss of prospective economic advantage) resulting from your use or inability to make use of this Site or the information therein, and/or any web browsers, including any loss or damages you may suffer if you transmit confidential or sensitive information to us or if we communicate such information to you at your request over the Internet.

    Furthermore, Mackenzie is not liable for any action or decision made by you in reliance on this website or the information contained herein, or any unauthorized use or reproduction of the website or the information, even if Mackenzie has been advised of the possibility of loss or damages or could have foreseen the loss or damages. Links to other websites from this website are for convenience only.

  6. No Endorsements

    Links to other websites or references to advice, opinions, information, products, services or publications other than those of Mackenzie at this website do not imply the expressed or implied endorsement or approval of such websites, advice, opinions, information, products, services or publications by Mackenzie.

    Links from or to websites outside of this website are intended for convenience only. Mackenzie does not review, approve, endorse or control, and is not responsible for any sites linked from or to this website, the content of those sites, the third parties named therein, or their products and services. Linking to any other website is at your own risk, and Mackenzie will not be responsible or liable for any damages in connection with linking.

  7. Confidentiality (Internet and Email)

    Mackenzie cannot ensure the privacy and authenticity of any information or instructions you send to us or that we send to you over the Internet. Mackenzie will not be responsible for any loss or damages you may incur if you communicate confidential information to us over the Internet or if we communicate such information to you at your request.

    Email over the Internet is not a secure medium and privacy cannot be assured. Email communication is not confidential, is subject to possible interception or loss, and is also subject to possible alteration. Mackenzie is not responsible for and will not be liable for any loss or damages in connection with an email containing personal or confidential information sent by you to Mackenzie, or an email by Mackenzie to you at your request.

Cookies Policy

IMPORTANT NOTICE: This policy explains how cookies are used on our Site. By using our Site, you agree to the following terms and conditions. The terms "we", "our" and "us" mean, as applicable, any Mackenzie affiliate or subsidiary, or any program or joint venture we participate in; and "you" and "your" means any individual who visits our Site. This policy may be amended from time to time without notice to you. By using our Site you agree to the placement of cookies on your computer in accordance with the terms of this policy. If you do not wish to accept cookies from our Site please take the required steps to disable cookies (although this may result in reduced functionality).

  1. What are cookies?

    Links to other websites or references to advice, opinions, information, products, services or publications other A "cookie" is a piece of data that a web server creates when you visit a website. This data is information about how and when you use a website.  It is placed on your computer, smartphone, smart TV or tablet ("online device") in the form of a small text file.  There are two common types of cookies, "session cookies" and "persistent cookies". A "session cookie" is a temporary cookie that expires when you leave the website. Session cookies allow the website to recognize you as you navigate between pages during a single browser session and allow you to use the website most efficiently. For example, session cookies enable a website to remember that a user has placed items in an online basket.  A "persistent cookie" is stored on your online device between browsing sessions until expiry or deletion.  They enable the website to recognize you on your return, remember your preferences, and tailor services to you.  We use both session cookies and persistent cookies on our Site.

  2. Why we use Cookies

    Many cookies are designed to give you optimal usage of the web. For example, we use cookies to collect information about your activity on our Site to enable us to improve your user experience when using our Site, e.g. a cookie which recognizes if your browser supports specific technology features. This helps, for example, in enabling web pages to be loaded more quickly when you request the download of a large file. Information is not personally identifiable and does not include your name, address, telephone number or email address.

    We use cookies on our Site for the following purposes:

    • To collect statistical information: we use cookies to collect statistical information on how you use our Site for statistical and evaluation purposes to help us understand how users use the Site and to help us improve the structure of our Site.
    • Advertising: Mackenzie may deliver online advertisements tailored to you or that may be of interest to you on third party websites, for remarketing or retargeting purposes, and to improve your customer experience on our Site. For more information on interest-based advertising see Section 31 (Interest-based Advertising) below.
    • Authenticating your computer: We use cookies to gather information such as IP Address for monitoring and troubleshooting purposes.
    • Personalized Content: To remember how you have customized your use of our Site, such as your preferred language.
       
  3. Use of Third Parties

    We may use third party providers to help collect and compile information like the number of visitors to our Site, where visitors have come to our Site from and the pages they visit. Our third party providers may also use cookies to deliver advertisements that are more relevant to you and your interests and to help measure the effectiveness of an advertising campaign. Third party providers will not have access to your name or other identifying information.

  4. Interest-based Advertising

    Interest-based advertising allows us to deliver advertisements that are more relevant to you and your interests. It works by showing you advertisements that are based on your browsing patterns and the way you have interacted with this and other sites.

    As you browse our Site, some of the cookies placed on your computer will be advertising cookies, so we can understand what sort of pages you are interested in. We can then display advertising on your browser that is based on these perceived interests. These cookies do not contain personal or financial information about you, but may contain a unique identifier required by the retargeting process. If you access one of these ads, we may also track the response rate and the website activity associated with it.

    We also work with third party advertising providers who collect and use information about your visits to this and other websites (but not your name, email address, postal address or phone number) to show you advertising that may be of interest to you. This includes the advertising displayed on our sites and the Mackenzie advertising you may be shown when you are on other third party websites.

  5. Refusing Cookies

    You can limit the collection of your information by disabling cookies on your browser. You may also be able to modify your browser settings to require your permission each time a website attempts to set a cookie. However, our websites (and many other websites) rely on cookies to enable certain functionality. If you choose to disable cookies, some of the services available on our websites may not work properly.

  6. Third Party Websites and Links

    Our Site may contain links to third party websites. We are not responsible for the practices of those third party websites. Where you access other websites from our Site using the links provided, the operators of these websites may use cookies in accordance with their own policy (or policies), which may differ from ours. You should read their privacy and cookie policies carefully before you provide any personal information to them.

  7. Changes

    We may change this Policy from time to time without notice to you. When we do so we will display the changed Policy on this page. We encourage you to visit this page frequently to stay informed.