Ottawa’s new tax on income trusts came into effect nine days ago, on January 1, 2011.
The new tax puts income trusts on an equal footing with regular corporations. Some income trusts converted to conventional corporations before the new tax came into effect, or plan to do so in the coming months. Others will continue to operate as trusts.
(In light …read more »
BELL ALIANT INC. $26.70 (Toronto symbol BA: Shares outstanding: 127.4 million; Market cap: $3.4 billion; TSINetwork Rating: Above Average; Yield: 10.9%; www.aliant.ca) is the new name of Bell Aliant Regional Income Fund after its conversion to a dividend-paying corporation on January 1, 2011.
Bell Aliant has over 3.1 million telephone customers in Atlantic Canada and rural parts of Ontario and Quebec. …read more »
Ottawa’s new tax on income trusts comes into effect on January 1, 2011. When it does, it will put income trusts on an equal footing with regular corporations. That will prompt some income trusts to convert to conventional corporations. Others may continue to operate as trusts.
Either way, the looming tax has made many investors wary of income trusts. However, …read more »