Westshore Converts from Trust to Corporation in 2012
From my reading, looks like Westshore Trust has to convert to corporate organization in 2012. That will result in a lower dividend yield and may affect the current Trust price downwards, resulting in Westshore paying corporate taxes in Canada, plus share owners paying a tax on their dividends. This change by Canada was to collect more taxes. Further conversions in Canada from corporate structure to a trust has been stopped by Ottawa. Guess there were too many companies planning to convert to trusts. The downside to stopping Trusts will be a reduction in foreign ownership.