Brookfield Office Properties Inc T.BPO.PR.A

RE:Tax Changes and Dividends and BPO.PR.E

[pierrelebel]

I am glad someone is thinking about taxes. It is a bit of an obsession of mine, back to the days when I actually worked for the tax department in the 60's.

"Taxes" is a subject ignored or dismissed by so many posters or readers.

Too often some folks think of taxes as they affect their own situation, not the market in general. For example, a Canadian investor with a portfolio of $100,000 or less will often dismiss taxes since his investments are parked

a) in a TFSA where the only tax applicable is the 15% withholding tax on US dividends.
or
b) in a RRSP or RRIF where income tax only applies at time of withdrawal.

However, the market is affected by tax changes for high earners.  Those must be taken into account by all. 
Also, one may not have to worry about capital gain tax if one has no gain in the year. Yet, come November and December many stocks will fluctuate based on gains or losses suffered by others.

Bargains may be available if one understands how taxation may affect other investor's buying or selling.

As far as BPO.PR.E are concerned, 50,265 shares were traded today, including 34,901 on the TSX. That volume is well above the daily average (15,000 or so). The reset date is three years away and these shares may be of interest to investors projecting a Canada 5 year bond interest of 3%+ by April 2027 (I do not at this time).

Good Luck