TRISTONE CAPITAL'S CAPITAL MARKETS OVERVIEW

摘要

After markets closed October 31,the Canadian government's department of finance announced sweeping changes in the taxation of income trusts,imposing taxes on distributions for new trusts in 2007 and grandfathering in existing trusts in 2011.Canadian tax-exempt investors would have their effective rate rise from 0% to 31.5% in 2011.U.S.investors would have their effective tax rate rise from 15% to 41.5%.