Comments on: List of the Top 45 Highly Traded Canadian Companies Still Operating As Income Trusts

By: MoneyEnergy

MoneyEnergy — Mon, 27 Dec 2010 23:44:12 +0000

Thanks Avrom. Some of the trusts in here need to be updated at this point. Everyone should remember that none of the changes will apply to the REITs – they will still be REITs.

By: Avrom

Avrom — Fri, 05 Nov 2010 03:25:11 +0000

Hi, thank you for this post. Very good and useful information ! Your posts are always well researched and interesting to read. I’ve added you on my blogroll :)

By: MoneyEnergy

MoneyEnergy — Thu, 04 Nov 2010 01:32:51 +0000

And, of course, Yellow Pages is now Yellow Media Inc. (as of November 1, 2010). See my post on the conversion here:

http://www.getmoneyenergy.com/2010/11/yellow-pages-converts-corporation-yellow-media-inc-ylo/

By: MoneyEnergy

MoneyEnergy — Thu, 03 Dec 2009 17:19:02 +0000

Hi Gerry, thanks for that clarification. But do they not still need to make the explicit decision as to whether to remain a trust or not? They may not be *forced* to return to corporate structures, but as I understand it this is a decision they will still each consider.

By: Gerry M

Gerry M — Wed, 02 Dec 2009 13:25:25 +0000

Your initial paragraph is not correct. The trusts will not be forced to become corporations again for tax purposes, they can remain trusts. Their distributions as trusts will be taxed with a new distribution tax to put them on equal tax treatment footing with corporations, but they do not need to alter their structure. Splitting hairs? No, because a new tax can be removed. Converting back to a corporation and then having to get shareholder approval again and go to the expense of reconverting back to a trust if the tax ever gets removed is an exercise most trusts would probably want to avoid.