RE:US Income issue and taxes. PLEASE be careful Yes taxFYI. From TD waterhouse comment on decembre 6
Management guided to minor direct exposure to U.S. tax reform, but changes could constrain tax equity funding. The regulated utility business (the bulk of Algonquin's earnings base) is relatively unexposed, but the unregulated U.S. power business should benefit from a lower corporate tax rate. The Senate version of the tax reform bill includes language that could affect tax equity markets; Algonquin has the ability to self-shelter >50% of needed tax equity. As the House and Senate conference must agree on a common bill, significant changes to provisions affecting tax equity are still possible. With a robust and increasingly diverse investment opportunity set (likely