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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (92006)	10/14/2007 4:52:31 PM
From: RJA_	Respond to of 306849

>>You might want to look at the Canadian Royalty Trusts, CANROYs. Met, Canroys were my answer, and I got into them about 6 years ago, gradually adding to my positions... but one October (of last year I think) the Canadian government -- the Torries harper and Flahirity particularly, decided to completely change the taxation of same raising the effective tax for US holders from 15% to about 45%, effective 4 years from that date... In one day the Canroys dropped 20 percent. Incidentally, the creep that worked on this in the shadows has now been appointed the new head of the Canadian central bank. My understanding is that this tax has not been repealed, and that royalty payments (which are currently deductible to the company) will cease to be deductible and royalty payments due to tax will have to drop substantially. There is also talk of changing the business structure of same from income trusts to regular corporations. So forgive me if I am a little leary of same.