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Hmmm.. Perhaps only applicable to trusts - 'tainted preference shares'
The Income Tax Act currently contains complex rules which seek to recharacterise preference share funding as debt in certain circumstances.

I hold some pref. shares which are subject to 15% withholding tax (unlike local REITS where there is no withholding tax). I don't think anything will change, but will
check in March when divs. are due.

https://justonelap.com/money-dilemmas/

A bit of discussion regarding the PREFTX.

Mind sharing the highlights? Can't listen to it here at work.

Quote from: Hamster on January 31, 2017, 09:26:13 am

Quote from: RayRay on January 31, 2017, 07:16:33 am

https://justonelap.com/money-dilemmas/

A bit of discussion regarding the PREFTX.

Mind sharing the highlights? Can't listen to it here at work.

Underlying assets (pref shares) do not appreciate, who knows what's going to happen to the ahare price, do not buy preftx😅
Did you listen to the show?

No. Preoccupied with starting a new job tomorrow.

So basically still the same view they had before: Useless if you don't reinvest the dividends.

Probably better off with a decent fixed deposit.