Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
Ron Fraser's Submission in Response to Finance Canada's Tax and Other Issues Related to Publicly Listed Flow-Through Entities (Income Trusts and Limited Partnerships) consultation:
I am thoroughly disgusted with the Minister of Finance's speculation that Income Trusts may be changed in the way they are taxed, as well as putting on hold all advance tax rulings. How thoroughly despicable! The market loves certainty or at least stability, and it deplores nothing more than uncertainty. The Minister has driven the first nail in the coffin of Income Trusts, and its time for him to get the claw hammer out and pull that nail out before its too late. Why pick on seniors and middle income investors? Why allow one set of rules to be in force while investors gradually build up their savings in that entity, and then the Minister pulls the rug out from underneath them??
What kind of government is it that would do something like this?
This public consultation process is unnecessary. I would imagine the Minister is getting unprecedented feedback from the investors of this land. Its time to end this deplorable period of uncertainty. Axe the idea to change the income trust tax structure!
I do give you permission to post my opinion on the Finance Canada Website.
My information is:
Red Deer, Alberta
I don't speak on behalf of any organization.