What is the Halloween Massacre?
How Does the Halloween Massacre Work?
After that date, the Canadian government began taxing the trusts like corporations and applied tax rates that were sometimes more than 30%, dramatically reducing the amount of the distributions to investors.
Why Does the Halloween Massacre Matter?
The Halloween Massacre was a big increase in tax revenue for the Canadian government, but it wildly devalued the and consequently decimated many investors' portfolios. According to one report, the Canadian energy sector lost $30 billion of value overnight.