HELLO AGAIN, CANADA

摘要

Grab your assets, the Canadians are coming. Federal tax favoritism of trusts north of the border is expiring at the end of this year, changing the fundamentals of what these oil and gas producers can and will own in the future. Until now, the trusts have mainly held assets in Canada, as income from assets elsewhere, such as the U.S., are subject to taxes in those jurisdictions, diluting a Canadian trust's distributions till.