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To: Condor who wrote (13336)	11/1/2006 9:28:28 AM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 25575

Well if the gov taxes the trust ahead of distributions to you I guess not.. I do not know how they are going to implement it though. If they are going to nail them at the investor level they may as well call an election today. Al

To: Condor who wrote (13336)	11/1/2006 9:34:01 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 25575

At current bi CNE.UN goes to 18.6 yield.. When I got interested in trusts I expected over 15% as a given... this is hard to call. Is 18% really a fair risk premium before this tax fiasco ? Questions Questions.. Al

To: Condor who wrote (13336)	11/1/2006 11:16:50 AM
From: wherry	Read Replies (3) \| Respond to 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