jackh

High-Yield Canadian Royalty Trusts: What's the Catch?

Legislation has been passed. Go to the ING web site. They are getting ready for January.

Liberals have proposed a massive carbon tax..... huge voter backlash. I suspect another 18 months or so until they hash it out and get ready for an election.

High-Yield Canadian Royalty Trusts: What's the Catch?

IN January a Canadian can hold his trust units in a new (for us) Tax Free Savings Account. The 10% or 12% dividend can then be withdrawn tax free. No income tax at all. As people realize that this is way better return then interest from regular savings the unit values should bid up nicely resulting in a capital gain for early investors..... if held in the TFSA also tax free.