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Politics : Canadian Political Free-for-All
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To: Cogito Ergo Sum who wrote (10842)11/5/2006 6:56:43 AM
From: seventh_son  Read Replies (3) of 37788
 
I know that this is an unpopular position to take, and I'm not in much of a position to defend it because I am in a foreign country on vacation right now (with a crappy computer that I can barely use for the internet), but I think that the real truth is that something had to be changed with income trust taxation. The Conservatives did what had to be done, even if it was unpopular. Whether they put enough study into it is another question, but I can't argue with the necessity of what they did. One way or another dividend and income trust taxation had to be given the same treatment, and someone has to pay Canadian taxes on income generated in Canada -- particularly when the money is perhaps going to investors outside the country. Anything else is simply unfair to Canadian taxpayers who subsidize those who take advantage of a cavernous loophole. Might I suggest that some people on this forum have reasons to be biased, and might feel differently if they did not have income trust investments?
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