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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (810)	9/24/2005 7:28:51 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217544

David, another 3D pal in Canada has the following points I want to share with the thread and your goodself, and am interested in your reaction: Read the thread on SI 2001, between you and Taikun, on the Can Govt. talking heads and action on trusts. In fact the "murmuring" right now in Ottawa, in on lowering corp tax rates... Alberta is expecting approx 10B surplus this year, including the $400 cheque to each man, woman and child in the province as a "cash distribution" of the energy riches (partly to offset, this winters higher energy costs for residents) They are seriously considering reduction and then elimination of corp and personal taxes in Alberta. They have zero sales tax. The ONLY concrete thing the feds have done so far... is stopped any NEW "pre-approved" Tax rulings on future trusts, that SOME are bringing forward to get the "blessing" from Rev. Agency prior to going forward. These typically are more complicated / financial industry etc things. Trusts still can be formed, but just ones without these prior Tax-rulings. I see it as VERY unlikely that existing trusts will have any rules changed. In fact I think that they will become more valuable, as a smaller supply on the market of those instruments. Rules may change for new trusts, in the next budget. As govt now starting to lose substantial amount of tax revenue as we go forward with the momentum of new trusts being formed. This all started happening as the big banks were making noises about turning themselves into income trusts. Al stemming from very high corp taxes in Canada (2,3rd highest in the world) This is my opinion of the state of things. Chugs, J