Check out the Canadian REIT guide from Deloitte:
http://www.deloitte.com/view/en_CA/.../a2a8c90b0d1fb110VgnVCM100000ba42f00aRCRD.htm
http://www.deloitte.com/view/en_CA/.../a2a8c90b0d1fb110VgnVCM100000ba42f00aRCRD.htm
Thanks for the advice lister. Will definitely do that from now on.Don't trust Google Finance for dividend amounts.
I always go straight to the company's website for that info and they frequently list how the distribution is made up.
Yes, roughly 50% of the distributions will be classified as return of capital.If someone could answer the question re distributions, it would be appreciated. It seems like with a .115 per month distribution, 8% returns is about the best investment I can make right now for my TFSA. Boardwalk REIT doesn't do bad either at 5%.
Thanks CC! Does this return of capital mean that they are paying me back for my shares, and they are "gone" after a time if I didn't by more, or is it just a classification for tax purposes. I would put RIO.UN in my TFSA so there would be no tax.Yes, roughly 50% of the distributions will be classified as return of capital.
https://riocan.com/_bin/tax/taxInfo.cfm
Some of it is truly return of capital because non-cash expenses such as depreciation and amortization are passed through to unit holders. However, these capital expenses were incurred at some point, so really an investor is getting some of their capital back.Thanks CC! Does this return of capital mean that they are paying me back for my shares, and they are "gone" after a time if I didn't by more, or is it just a classification for tax purposes. I would put RIO.UN in my TFSA so there would be no tax.