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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Cogito Ergo Sum who wrote (2251)12/17/2001 7:41:04 PM
From: trustmanic  Read Replies (1) of 11633
 
Kastel,
You have to keep L.P. in RRSP to avoid tax, otherwise you will assume all the tax from the partnership. Those who hold these unit on Dec.31 of each year will be responsible for the pretax income, usually quite a bit for tax. If you keep it in RRSP then its O.K. because you don't pay tax on your RRSP income. Actually I learnt this thing a hard way. So the dividend actually is the income before tax.
For RRSP is not so bad, almost 46% in return.

George
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