I've been focused lately on researching Canadian income trusts. These are terrific investments, especially for income investors. Unfortunately, I have learned about them after the Canadian Finance Minister Jim Flaherty proposed to eliminate their tax-free status effective with 2011.
He proposed this on October 31, 2006, so it's become known as the Halloween Massacre.
Anyway, all income investors should be aware of the profits from Canadian royalty trusts which they can share in -- through receiving monthly dividend trusts. I've previously linked to the beginning of the information pages on my actual site, but I've also written:
Canadian Income Trusts -- Time to Buy or Dump? -- article in Ezine Articles
Review of Canadian Income Funds book in Go Articles
The Safest Way to Profit From Investing In Canadian Income Funds -- on my new Squidoo lens on Canadian income trusts.
If you're not already familiar with Squidoo, it's a fairly new site that allows you to put up pages on subjects you're interested in and knowledgeable about. It encourages the marketing of your own products and as an affiliate.
Despite the government's proposal to end income trust taxation, these are good investments now -- and it's possible that the proposal will never be passed into law. If you're a Canadian citizen, write to your members of Parliament.
Canadian income trust resources
Canadian income trust resources
Wednesday, August 15, 2007
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