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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Casey who wrote (5231)	1/2/2003 11:48:46 AM
From: Tommaso	Respond to of 11633

Yes, tax is withheld. Beyond that, I cannot tell you much. it may seem like a waste of tax benefits, but I hold my Canadian royalty trusts in IRAs so I avoid the tax issues that way. I am looking for an increase in the stock prices, and prefer to keep everything tax deferred in the IRA rather than keeping track of the changing basis in the shares. What you should do is to request copies of the tax filing instructions from the companies you are interested in and study those. I am assuming that the Canadian companies wlak you through the tax treatments the way annual information from US trusts do. Even if I knew more about this than I do I probably could not help you, because each trust and each taxpayer is in a different situation. But yes--tax is withheld, which you can take as a credit against U. S. income taxes.