Special Report in Full
Our full Special Report on Income Trusts in pdf format will be posted on this page on or about February 17th. Additional information from the House of Commons Finance Committee hearings on income trusts will be included.
Special Report
Outline
Background and Key Concepts
· Overview of Canadian Taxation (Trust tax system and Corporate tax sytem). Follow a $1 of taxable income through each.
· Other Key points and Issues.
The October 31st Announcement – Press Release & Background Materials
· What did it propose ?
· What was there ?
· What was not there ?
Results of Requests for Additional Information from the Government
Looking at the Facts
· Overview of Available Empirical Data.
· Overview of the Key Analytical Reports.
· Overview of Government Decision-Making Process.
Problems and Concerns
· Harm Done – The Impact on People.
· Facts Do Not Support the Premises.
· Flawed Analysis.
· Inadequate Process.
· A Leg-up for the Rich, Big Institutions with Private Equity programs, and US buyers of Canadian Business
· Leaving Canada’s Modest Income Seniors Out in the Cold
Conclusions
Looking Ahead - Putting Canada’s Retired and Income Investors in the Picture
