Saturday, January 20, 2007
After the October announcement of taxation on Income Trusts, there has been some severe fallout. Some trusts have ceased distributions while others have suspended their DRIPs. I am sure there will more changes to come in future.
As such, we are adding three new plans and disposing of another six. I have also modified one plan that has removed their Optional Cash Purchase plan. Please see the list below for full details.
I have added the following new plans:
1. Faircourt Split Seven Trust
2. Focus Energy Trust
3. Lanesborough REIT
I have deleted the following plans:
1. Alexis Nihon REIT – merged with Cominar REIT to form Cominar Nihon REIT
2. Canadian Oil Sands – DRIP suspended
3. O & Y REIT – merged into Brookfield Asset Management Inc.
4. Precision Drilling – DRIP suspended
5. Retirement Residences REIT – taken private
6. True Energy Trust – DRIP suspended
I have also updated the following plans:
1. Alcan Aluminium Incorporated – Share Purchase Plan suspended
That's it for now. As always, if you see any discrepancies please post a comment.
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Thanks and keep the good job up!
It is dependent upon each security and the rules they have in place as to whether U.S. citizens can contribute through OCPs. It's in your best interest to check the security your interested in to see what is available to you.
Can you tell me if dividends from a Canadian income trust receive favourable dividend treatment compared to dividends from a corporation? I tried to look it up on the CCRA website but there are too many bulletins to read.
I would like to start investing and have decided that DRIPping is the way to go.
ps what is the discount rate mean?
how come your drips list is mostly in the form of income trust? Does that mean a lot of stocks don't offer drips and I have a few other questions to ask you too. Please reply me at email@example.com
Thanks a lot