Monday, January 16, 2006

Income Trusts Love Tories

On Friday the 13th while making the Conservative Platform public, without all its real costs, the Harper announced yet another tax cut for rich. Which will help out those poor embattled, underprivileged Income Trusts. The folks that already don't pay taxes. What the Conservative capital gains tax cut will do is drive more corporations into becoming non taxpaying Income Trusts. And this helps us how?

Tory government would allow deferral of capital gains taxes
Patrick Kim, vice-president of investments at KBSH Capital Management in Toronto, said the Conservative capital gains measure might encourage more companies to convert into income trusts.


Also see: Income Trusts


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