Canadian Income trusts

[hawk59]

The gov't announced taxation of dividends from income trusts. Trusts that currently exist will start paying taxes in 2011, any new trusts will start paying taxes in 2007. CAD and Canadian stocks selling off, and this will most likely mean the end for income trusts. Current trusts will stick around until 2011 for sure, but it's doubtful any new ones will be created. This is really big story for the Canadian market.