Then-finance minister Ralph Goodale rejected the recommendation, and opted to have the program changed to be more competitive and attract investors.
In 2000, Wicklum became a senior policy advisor for Ralph Goodale, then Government House Leader and was later named Executive Director of the Canadian Forest Innovation Council.
An increase to the DTC was announced in the fall of 2005 by Liberal finance minister Ralph Goodale just prior to the fall of the Liberal minority government, in conjunction with the announcement that Canadian income trusts would not become subject to dividend taxation as had been feared.
He was named Opposition House Leader by interim Liberal leader Bill Graham in 2006, and continued to serve in this role under the leadership of Stéphane Dion and Michael Ignatieff until September 2010 when he was promoted to Deputy Leader.
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On December 28, 2005, a letter surfaced from Royal Canadian Mounted Police (RCMP) Commissioner Giuliano Zaccardelli confirming the force was launching a criminal investigation into whether details regarding government tax policies relating to income trust funds were leaked from the Finance Minister's office.
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