Traders Cooperative

[See Shasta]

From Canada's Dept of Finance, some info on the proposed tax.

http://www.fin.gc.ca/news06/06-061e.html

It seems that we have had a nice run. I thought taxes on US investors was closer to 10%, in the example they gave it shows 15%, with the increase up to 41.5%. I'm not sure how the foreign tax credit works (I have an accountant do my taxes) but I would guess that if a US investor wanted to keep the income trust investment like ERF, it would be best to do it in a taxable account, to take advantage of the foreign tax credit.

Maybe today is a case of sell first ask questions later, but I also see the potential for further declines.