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Pengrowth Energy Corporation Message Board

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  • richmondinvestor richmondinvestor Feb 10, 2007 2:14 PM Flag

    oil prices have no effect

    First of all I am no financial expert, but from reading many posts on the subject of trusts and corporate taxes, you can intuitively understand the gist of the difference. A trust would prefer to remain a "trust" because of the greater opportunity for investment, acquisition and growth than a corporation. If the trust scenario disappears, the corporate entity would be taxed at about 6% or less as Mr. Flaherty opined, but the growth potential would disappear. So, that is the major reason for the trusts to fight this changeover. If more Canadians understood that this changeover would means less opportunity for increasing jobs going forward, they would be more vocal. I am afraid that what most Canadians believe is that this is about the trusts being greedy.

0.7503+0.0763(+11.32%)Feb 12 4:02 PMEST