A cross section of posters thoughts on the best 3 Canadian trusts going forward ... not to be confused with ONLY O&G trusts ... although most are O&G, with a couple drillers and a sprinkling of business trusts. If you need assistance in determining who they are add a .UN and look up here:
0123456 PEY PTF AY 4sure1 AE AVN VKR ARTY BNP AE SHN bakerboy AE AVN SIN BCBrian3 GCI AE BTE beehopper TDG IPL PES butterfly13 TDG TIL DHF bryand REI EIT AY bychoice BNP CXT EIT canmex H TE PMT AVN chico99 TDG AVN PES NAL clambakes NVG PMT AY class act COS PEY AVN davey7680 AE AVN NAE dlloyd AE NAE VKR earthacq H TE TDG AFN eastearner AE TDG PEY EIT etsio OGF SDT EIT flattrack EEE BTE PTF franko13 EWI EIT SDT fritzie NAE AE AET Gambleman01 TDG PEY CNQ gerryhar PEY BNP FET GreenBastard H TE EEE PGF greenred TDG PMT EIT hstrybuf TDG DAY BNP investr22 PEY H TE AE jerryv H TE PMT TDG jss PMT H TE AE AVN kevinkt PEY H TE PBB SCU largeinvest PEY TDG COS Lem2 BNP H TE AVN marlyn999 PEY TDG SIF marshall12 TDG AET BNP marte EIT AE AET mooser BNP H TE AE PMT MyerK SIF TDG BFC REI IPL PIF nadreck PEY BR TDG WMB SRF nobudy SIF RVD EEE MOG othelo AE TDG PES EEE NVG PolarLight AE NAE PGB TDG raylewis BAD TDG BR robinbrook TDG PEY H TE rocki AET AE NAE roots9 AY VKR AE rotair69 BTE TDG AE rsky PEY TDG REI samiamdj PEY ZAR H TE sarnakc H TE AE DAY EEE seriousinvest OST TDG H TE sgilmo COS PEY VET sportstermathew PEY TDG CXO tele8 BNP ERF AY tomtom EIT AE VKR tv52489 PEY TDG H TE wildcherry VKR TDG SCU williamviril AEU COS OST wynner PMT NVG AVN AY VKR zilem PMT BR NAL
The previous cross section recommendations, which are a good starting point for any new Canadian trust buyers, has been summarized by a nice poster as follows:
I tried to summarize the top 3 list. There may be some minor computation errors but here's the summary. Replies from 59 people totaling 193 TRUSTS (MORE THAN 3*59 BECAUSE SOME PEOPLE GAVE MORE THAN 3 reommendations).
There were 51 trusts named but many only mentioned once or twice. Those getting more than 5 mentions are as follows: First tier-TDG(22)(clearly #1),PEY(16), AE(15), HTE(12) Second tier-AVN(8), EIT(8), BNP(8), PMT(7), AY(6), COS/OST (I combined them)(6), VKR(6) and NAE(5).
LTBHs NOTE: I believe OST and NAE are not DTC eligible and therefore problematic on with holding and timely distribution issues for US residents.
Thanks for the continuing education on canroys. Although I hold several and have done some DD, I always learn something new in your posts.
I also have EVDVF, but due to the doubt that it will be "qualified" and its recent pull back, I will likely dump it soon while I still have a decent profit.
I like PWI and others that are marginable but I also like the real McCoy canroys, so it is a trade-off, whether you want better stuff or the use of more margin.
Schwab seems to be a "lax" broker, since last year they reported the proper amount of ROC for PWI and ERF, but showed foreign tax paid for the whole distribution. Last year I did not own any of the pink sheet canroys, so this year it will be interesting how Schwab handles them.
Question? How do you determine the proper amount of foreign tax to claim on the 1040 or 1116? I suppose you reduce the foreign tax paid by prorata amount of ROC vs. total Distribution?? Not likely to be a IRS audit red flag, if you claim LESS foreign tax paid that the amount on the 1099?