Public Storage Canadian Properties Announces 2006 Income for Tax Purposes

    TORONTO, March 30 /CNW/ - Public Storage Canadian Properties ("the
Partnership') (TSX:PUB) today announced the Partnership's income for federal
tax purposes of $8,858,061 for the tax year ended December 31, 2006 ("2006 Tax
Income"). The 2006 Tax Income is allocated to Unitholders based on
distributions received in 2006. The 2006 Tax Income is approximately 74.23% of
distributions received.

    The Partnership, through its Transfer Agent and Registrar, or
Unitholder's brokerage firm, will provide each Unitholder in 2006 with a
Statement of Partnership Income, Canada Revenue Agency Form T-5013 Information
Slip, and Montants attribues aux membres d'une societe de personnes, Revenu
Quebec Form RL-15 Slip, by March 31, 2007. These forms indicate the amount of
income the Unitholder is responsible for reporting on their tax returns.
Unitholders who have not received these forms should contact their broker or
Transfer Agent and Registrar for assistance. Additional tax information is
also provided on the Partnership's website
x_Information.pdf. (Due to its length, this URL may need to be copied/pasted
into your Internet browser's address field. Remove the extra space if one
exists.) Unitholders are advised to consult with their tax advisor regarding
questions related to the reporting of partnership income on their federal and
provincial returns.

For further information:

For further information: Public Storage Canadian Properties Raymond
Huning, (866) PS-CANADA (866) 772-2623

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