Email of the day (3)
on Canadian Income Trusts and additions to the Chart Library:
"For your information, Canadian Trusts are being reborn, taking advantage of the Canadian tax loophole that allows Canadian Trusts to exist, with there favorable tax structure, so long as the trust does not do business in Canada. Recently two trusts that develop and produce oil and gas in the U.S., have been put together in Toronto. They escape the Canadian law taxing trusts as corporations because they do their business outside Canada and the income earned in the U.S. is not subject to a withholding tax because it is not a dividend. Both give distributions between 8.5 and 9% paid monthly. I am sure many other such trusts will follow. I do not hold shares in these trusts - yet - but I intend to follow them. I would be grateful therefore if you could include them in your databank. One is Eagle Energy Trust (EGL.UN). The other is Parallel Energy Trust (PLT.UN). Both on the TSX."
Eoin Treacy's view Thank you for this informative email. I have added both trusts to the Chart Library.Back to top