Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (49355)	5/3/2004 10:41:43 AM
From: Taikun	Read Replies (1) \| Respond to of 74559

I like trusts as well, and I'm not losing my bullishness, but there is allot of fancy footwork going on. It was my accountant in Canada who pointed out the risks to foreign owners where the gov't is losing money (i.e. forgoing tax revenue) to begin with. Canada Taxation recently restricted the Canadian Pension Funds (see link-sorry it's cached)and they're not happy about it. Your point about all these being tax-sheltered accounts probably irks them even more. The Canadian gov't is out to increase their tax revenue. I just think the Canadian units and the new classes could end up like a preferred stock. I'd rather own the preferred than the common, if I could. 216.239.41.104 On another Canadian taxation note, have you been following the Joe Wood (ex-JDS Uniphase Engineer) who is being forced into bankruptcy over what many deem unrealistic capital gains taxes? This is the type of concern I have about Canadian taxation as this is much more insidious than Silicon Valley types exercising stock options then holding and not being able to cover the capital gains tax after a fall in the stock price, because Joe Wood's case is so much out of the taxpayer's control. clanforum.cyaccess.com