True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT is focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT owns and operates a portfolio of approximately 44 properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada. Its properties include 9200 Glenlyon Parkway; 36 and 38 Solutions Drive; 1595 16th Avenue; 855 8th Avenue SW; 5775 Yonge Street; 6 Staples Avenue; 845 Prospect Street, and 551 King Street.

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True North Commercial REIT > Is this a value stock?

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Comment by bcscon Apr 22, 2022 11:19am

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Post# 34623775

RE:RE:RE:RE:RE:RE:RE:RE:RE:Is this a value stock?

ROC is not tax free. The income tax is deferred to the year in which the security is sold since the ROC reduces the adjusted cost base, increasing the capital gain. There is no guarantee that the current or future governments will keep the capital gains inclusion rate at 50%.
Holding this in an RSP results in the capital gain being 100% taxed as income upon withdrawl.

felix10 wrote: Actually, it's not very smart putting this REIT in a TFSA. ROC was 100% the last few years which means you're sheltering income which was already tax free. That doesn't make much sense since it would be tax free anyway in a regular, non-registered, non-sheltered account.
What you should hold in a TFSA (or RRSP) are stocks that WOULD be taxed if they weren't in a sheltered account. Or stocks that have a potential for large capital gains which is unlikely with most REITS.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle