Friday, February 27, 2009

Canadian Oil Income Trusts

These Canadian Income Trusts, also known as Canadian Oil Income Trusts or Canadian Royalty Trusts pay a very high income. The trusts pass through all their earnings and deductions from oil and gas wells to the trust holders, similar to real estate investment trusts. There is no taxation at the corporate level since they are structured as trusts. Also, a portion of the dividends may be non-taxable due to depletion and depreciation deductions.

Harvest Energy HTE

Penn West Energy Trust PWE

Pengrowth Energy PGH

Provident Energy Trust PVX

Advantage Energy Income AAV

Enerplus Resources Fund ERF

Baytex Energy BTE

Precision Drilling PDS

Enterra Energy ENT


No comments:

Post a Comment