Quote:
Originally Posted by FireFly
Well, Telus shares are back up to where they were before the announcement anyways, so the only thing that cost me was my own impatience. No, I'm not trying to retire on that money. I do understand what you're getting at though, and yes, i feel bad for people who were using Income Trusts as a way to help finance their retirements. However, assuming those people are smart, (I mean they're smart enough to plan for retirement, right?) they must have also known about the hole in taxation. Did they really think it would never be filled? Or did they just assume that they would get lucky and the filling of the hole would happen after they died/not affect them? A bit short-sighted, no?
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Well its only short sighted to the point that the promise was an election plank by the government, so for what that's worth plus $2.25 you could take a C-train all the way from Dalhousie to Somerset.
The issue here is not only the value of the holdings, its the taxation.