Quote:
Originally Posted by fleury
Thanks. I don’t have any REITs at the moment but moreso now I want to think about the tax implications for whatever I invest in. I used to do REITs like pizza pizza and keg but have stayed away in favour of large cap stocks. I’m probably in the bracket just below the one mentioned by Slava so just seeing what’s advantageous if over the next year growth is flat and I move more into dividend based stocks.
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As an example, neither of Keg or pizza pizza are REITs (a REIT has specific requirements around owning real estate). Keg is actually still an income trust, and the distributions there tend to be mostly (90%+) eligible dividends with a small bit of return of capital.
Pizza pizza is just a regular corporation now, and pays eligible dividends.