Potential Impact of Trust Tax on Financials

Dow Jones Newswires, Monica Gutschi, 1 November 2006Banks and life insurers are likely to reap the biggest benefit from the Canadian government's move to tax income-trust distributions. With dividend yields of 3.2%, the financial-services companies will become attractive alternatives for investors seeking income who pull funds out of the beleaguered income-trust sector, analysts said Wednesday. "