Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

Alternate Symbol(s): ENDTF | T.EIT.UN | T.EIT.PR.B

Financial Services Asset Management

Canoe EIT Income Fund (the Fund) is a Canada-based closed-end investment trust. The investment objectives of Fund are to maximize monthly distributions relative to risk and maximize net asset value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments as the manager may determine in its sole discretion from time to time. Canoe Financial LP is the manager and portfolio manager of the Fund.

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Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1

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Comment by OptsyEagleon Feb 20, 2007 1:32pm

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Post# 12271447

RE: new tax law

The 15% is taken out by the Cdn. government on accounts owned by foreign residents. The US government will give you a credit of this amount against anymore tax that they think you should pay to the US government. It works the same way in reverse for Canadians investing in the US. The US government withholds 15% tax and the Cdn. government gives us a credit of that amount against anymore tax that we will owe on these earnings. I hope that clears it up.

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