REITs have been excluded from the income trust tax legislation passed in the 2007 budget by the Conservative government.
After changes introduced in the 2007 Canadian federal budget, the government may contribute up to $500 per year to a participating RESP.
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He was a former Conservative who voted against the 2007 budget, claiming that it broke the Atlantic Accord with his province and Newfoundland and Labrador, and was subsequently expelled from the Conservative caucus.