I'm hoping someone more knowledgeable can tell me in plain language what an income trust is. I'm looking at investing in CDZ (Claymore's Canadian dividend ETF) in my non-registered account. I read the prospectus and found that it will invest up to 30% in income trusts. Now, I remember hearing a lot about tax changes a couple years ago with regard to income trusts. Since I wasn't really investing at the time, I paid no attention. Basically I'm trying to figure out what concerns I should have with investing in income trusts as opposed to the blue chip stocks in CDZ.