Income trusts-A
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Mr. Harper you Lied to Canadian citizens when you
promised not to tax trusts. The tax on trusts announced by your Minister of Finance on October 31 2006, has resulted in the loss of billions of dollars of ordinary Canadians' savings and jeopardized the income and well being of retirees.
We demand the Minister of Finance, immediately commence a study to develop a plan that would see Canadian investors compensated for this incompetent government action. Compensations could include grandfathering of existing trusts, additional capital loss deduction for funds lost from RRSPs and any other tax adjustments possible to assist retirees and Canadians recover their losses.
promised not to tax trusts. The tax on trusts announced by your Minister of Finance on October 31 2006, has resulted in the loss of billions of dollars of ordinary Canadians' savings and jeopardized the income and well being of retirees.
We demand the Minister of Finance, immediately commence a study to develop a plan that would see Canadian investors compensated for this incompetent government action. Compensations could include grandfathering of existing trusts, additional capital loss deduction for funds lost from RRSPs and any other tax adjustments possible to assist retirees and Canadians recover their losses.
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