Jim Cramer Canadian Trusts

Description:

This is based on Jon Oggs post at 247WallSt.Blogspot.com.

Cramer on MAD MONEY said you can now BUY the Canadian oil trusts after they took a huge beating from the Canadian tax changes.

The Canadians allowed all TRUST shares to pass on a dividend TAX FREE, but the breaking of a campaign promise not to tax these trust as corporations was made. In 4 years there will be 35% of the dividends shaved off for Canadian taxes. He said the trusts fell 10% to 30% immediately on the news, which you know if you follow them.

He said the bounce started today and it will continue, but you are also getting a call option for essentially free that the new Candian legislation will be stopped or changed.

Here are his TOP 5 PICKS for Candian Trusts.

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