RE: talk of Trust conversion Ed:
You are right. For Canadians this appears to be true.
Interestingly, there is an article in the National Post this AM that points out that our American friends only have to pay a flat 15% tax on their Cdn trust payouts.
Consequently, they have continued to load up on the Canadian trusts. The fact that our currency has appreciated so much against the $US in the last couple of years has obviously been another incentive.
Cheers.