Four years ago the federal government announced that publicly traded income trusts, which provide big tax advantages over traditional corporations, would lose that edge by the end of 2010.
The market reaction was swift and terrible, erasing $25 billion from the market value of income trusts and raising a cacophony of anger from investers who had put many of their eggs in the income trust basket.
But one type of income trust was mostly spared by Ottawa: the Real Estate Investment Trust, or REIT. (Click here to download full story in PDF)
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