Quote:
Originally Posted by Slava
###. Not that you should go after your financial advisor for investment decisions that you make, but there were a fair number of advisors pushing people into these holdings as the flavour of the week.
In fairness however; the PC's never hinted that this was coming...
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You're right, they didn't. Does that make it their fault? What you're telling me is you would rather have the government losing hundreds of millions of dollars because of a tax loophole, and essentially, passing that loss of money onto us, just because some people took shoddy savings advice? The government gave them 4 years... I'm thinking that's enough time to figure things out. It's not like they said, "oh, and you people with your money in there... well that's too bad." Basically, they said "Telus, Bell... nice try. We've had enough and you're not taking our revenue away. Sorry."
I'm thinking that the plethora of announcements last summer and fall was enough of a hint that it would come. Do you think the Conservatives knew that by saying they wouldn't close the hole, a whole whack of new companies would try and set up income trusts? To be fair, the businesses didn't give them a hint either.
