Futher to my last post, despite not supporting the Conservatives overall, I actually agree with Harper/Flaherty's decision to break their campaign promise and tax income trusts. It was a necessary move for the good of the federal government's finances, as more and more corporations (including major companies like BCE and Telus) were planning trust conversions in an attempt to dodge the taxman.
I should also point out that the income trust taxation decision had a direct financial impact on me personally, and I lost several thousand dollars specifically because of it. In spite of this, I still think it was the right thing to do.
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