Timbercreek Financial Corp T.TF

Alternate Symbol(s): T.TF.DB.C | T.TF.DB.D | T.TF.DB.E | TBCRF

Timbercreek Financial Corp is a Canada-based non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. The Company is focused on providing structured financing solutions to real estate owners and investors and acts as alternative asset class investment manager. The investment objective of the Company is to secure and grow a diversified portfolio of mortgage and other investments, generating an attractive risk adjusted return and monthly dividend payments to shareholders. The Company invests in a portfolio of structured mortgage loans primarily secured by income-producing commercial real estate, such as multi-residential, office and retail buildings located in urban markets across Canada.

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Timbercreek Financial Corp > Dividends

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Comment by bcscon Jan 27, 2021 11:04am

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Post# 32398772

RE:Dividends

retired234 wrote:
Can anyone explain to me why Timbercreek dividends are taxed as interest income and therefore higher taxation rate as compared to most dividends that are eligible for the dividend tax calculation method for taxation ?

Thank you

GLTA

The diviidends elligible for the dividend tax credit have already been taxed at the coporate level, hence the existence of the tax "credit". Mortgage investment corporations are not taxed and essentially all profits flow through to shareholders who bear the full tax burden.. This is advantageous in a registered account since tax is avoided at both the coporate and individual level.

And of course they are "interest income".

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