TSX:TCN - Post Discussion
Post by
retiredcf on Jun 12, 2022 3:57pm
Another Reason - Confusion?
Q: Federal Liberals are reviewing tax treatment of residential REITS claiming "(REITs) are increasingly trying to amass large portfolios of Canadian rental housing, putting upward pressure on rents,” the announcement states, “We will put in place policies to curb excessive profits in this area"
Clearly such a restriction would not be good for REITs but as TCN is the only name I own in this space, could I expect it to not be impacted?
Yes; in addition to not being a REIT structure, the majority of TCN's assets are in the US. (5iResearch)
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