Hi, I'm new to this forum & noticed a lot of talk about REITS.
So for the newbies out there:
Please share your current favourite REITS (both local & international).
And if you feel inclined please indicate why.
P.S. just found this advice on JustOneLap:
"You also have to consider the tax implications of your income investments. Income earned on ordinary dividends is taxed at a 20% dividend withholding rate, unless the investment is within a tax-free wrapper. Income earned from investments in real estate investment trusts (REITs), however, is not considered dividend income and taxed according to your marginal tax rate. If you are still earning an income, this could be as much as 45%."
So if you are still earning well, then REITS are probably best suited to your TFSA or RA accounts?