Canada may earn less following trust changes

摘要

New York-Canada's stunned oil and gas income trust industry, which is being stripped of its tax-free status as of 2011, is scrambling to adjust. And the outcome could ironically mean not more revenue to the Ottawa government, but less. Don Garner, CEO of PrimeWest Energy Trust and head of the fiscal policy committee at the Canadian Association of Petroleum Producers, told a New York investor group last week a variety of corporate responses are possible to the loss of trust status.