Brookfield Office Properties Inc T.BPO.P.A

RE:This is worrisome... Just noticed on BPY website

[pierrelebel]

You asked "Why called differently? "

Because they are different.

When BPO preferred shares pay a quarterly dividend, the full amount is eligible to the Canadian tax credit.

BPY units are similar for tax purposes to REITs units.  The amount paid as distribution (dividend) may or may not be eligible to the Canadian dividend tax credit.  An investor should check the information prior to investing.  In the case of BPY units, based on the 2022 distribution...,

LINK to tax breakdown

As you can see about half the "dividend" is eligible while the other half is mostly "return of capital" with some Canadian interest, foreign interest and income, capital gain, etc....