X-Nico

2 unusual facts about income trust


Income trust

As the decade went on, a variety of other businesses, from manufacturers to the Boston Celtics basketball team, began using the PTP structure .

Gwyn Morgan former President and CEO of Encana continued to support the changes in taxation in an October 31, 2007, interview on BNN.


Dividend tax

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.


see also

Ralph Goodale

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.

Real estate investment trust

REITs have been excluded from the income trust tax legislation passed in the 2007 budget by the Conservative government.