Term of the Day: Halloween Massacre

TERM OF THE DAY - OCTOBER 31, 2011 Add Investopedia to Safe Sender List Find Investopedia on Halloween Massacre What Does it Mean? Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, announced that all income trusts would be taxed in a similar manner as corporations at a rate over 30% on taxable income, causing unit holders' values to decrease dramatically virtually overnight. Investopedia Says... Income trusts, which were permitted to make distributions to unit holders on a pretax basis under old Canadian income tax laws, were a popular investment vehicle in the... Read more » TODAY'S NEWSLETTER IS SPONSORED BY: Slideshow - 4 Biggest Investor Errors It's always good practice to keep Warren Buffett's mantra in mind: "Rule No.1 is: Don't Lose Money. Rule No.2 is: Don't Forget Rule No. 1."  View the Slideshow » Special Feature - Financial Planning Financial planning is about more than money, get an inside look at the mindset of a planner, being a client, and finding the right financial advisor. Click here for more. Related Terms Canada Revenue Agency - CRA Canadian Income Trust Cash Distribution Per Unit - CDPU Distributable Net Income - DNI Income Trust See More » Related Links Tax-Saving Tips For Canadian Taxpayers Changes In Tax Legislation And Regulation Haunting Wall Street: The Halloween Terminology Of Investing See More » Find Term Of The day Useful? Check out our other FREE newsletters! Stock Watch Weekly Forex Weekly News To Use Warren Buffett Watch Investing Basics The Chart Advisor Report Professionals in the Money You are currently subscribed to term-of-the-day as: newsforward@autoforextradingpro.com To unsubscribe or change your email settings, please click here. Copyright © 2011 - All rights reserved. Investopedia ULC.