Q: In response to Richard's earlier question around BPY and dividends, MLP's such as BPY are, from a tax perspective, better off held in a non registered taxable account. This is because MLP have a 35% withholding tax and is even applied if held inside an RRSP. So better to hold in taxable account and get a portion of the withholding tax back through foreign tax credit. There was a Globe and Mail column on the subject a couple years ago if you can find it.
Cheers, from one Richard to another!!
Cheers, from one Richard to another!!