Halloween Massacre
Contents
- Understanding the Halloween Massacre
- Explore the events surrounding the Halloween Massacre in 2006, where the Canadian government's decision to tax all income trusts had a significant impact on investors and the financial market.The Fallout: A Decade Later
- Delve into the aftermath of the Halloween Massacre and its lasting effects on the Canadian financial landscape. Learn how income trusts have evolved over the years and their resilience amidst economic challenges.Exploring Canadian Income Trusts
- Gain insights into Canadian income trusts, investment vehicles that once offered enticing yields to investors. Understand their structure, tax advantages, and the implications of regulatory changes.Fact #1: The Halloween Massacre occurred on October 31, 2006, when the Canadian government announced taxing all income trusts similar to corporations.
- Fact #2: Following the announcement, the value of Canadian income trusts plummeted by 12%, with the energy sector experiencing a loss of approximately 17.85% over the subsequent 10 days.
- Fact #3: Canadian income trusts distribute a minimum of 90% of their net cash flows to shareholders and offer tax advantages to investors.
Unraveling the Halloween Massacre: The Impact on Canadian Income Trusts