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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (5598)	3/3/2004 5:06:18 PM
From: russet	Read Replies (2) \| Respond to of 8273

Mr. Spotted.(hopefully non-poopy cat (gggggg),.. You brought up two additional points about trust taxation,... Dividends,..not really double taxed (in theory). The tax logic behind it is to make it revenue neutral as both the company and the individual gets their respective dividend tax credits. Still the income trust may hide tax that would normally come to the government sooner, as it stays hidden in mine,...and many others" RRSP's. My guess is TSE non-income trust companies (like banks, companies with multiple share classes etc.) are pissed and putting pressure on the government to change the trusts taxation laws because they can't do the same thing as trusts and still continue to collect their huge employee salaries, share options, free shares, and all the other perks they give themselves to scam their shareholders out of money,....and they will probably win as they got all the politicians in their pockets, and the public is always duped into believing that someone else can spend their money better than themselves. Of course over half the workers in the country have some type of government job, or government funded job, so they don't mind others in the trough as long as they get their more than generous share. U.S. residents distributions have tax withholdings from their brokerages,..I've listened to many of them bitch about these. I think you'll find the government gets their share before the money leaves the country.