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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: Condor who wrote (13336)11/1/2006 11:16:50 AM
From: wherry  Read Replies (3) of 25575
 
If you look at the complete tax effect, the only investors to suffer appear to be

1. Non-Canadians (within or outside tax sheltered vehicles), and

2. Canadians holding trusts within an rrif/rrsp or equivalent, and

3. Very low income Canadians (i.e. those who do not pay significant income taxes).

As soon as trust distributions become treated like dividends for tax purposes, everyone other than those in the three categories above will be able to use the dividend tax credit.

The really STUPID big hit (from the government's point of view)is category 2. People who have serious savings and investments are very much part of the Conservatives core constituency. To break a clear election promise in such a way as to deliberately hurt those who elected you looks like a death wish to me.

Tony
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