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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: Fun-da-Mental#1 who wrote (13389)11/2/2006 7:14:36 AM
From: wherry  Read Replies (2) of 25575
 
For a Canadian, the income impact appears only in 4 years time, when the distributions that are now paid to you tax free will be taxed at 31% or so. Since you hold the instrument in a tax exempt account, you cannot claim the dividend tax credit, so your income falls by, surprise, exactly 31%, the marginal tax rate that will then be paid by the source trust or company.

For the 4 year transition period, the only impact on tax exempt accounts will be on the loss of capital, as the market discounts the future tax hit (in my case, 15% loss on Tuesday night. Ouch!).

Tony.
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