Canada backpedals on taxing popular trusts

Federal election campaign forces Goodale to end contentious income trust issue; says he won’t hit sector with new taxes

Gary Park

Petroleum News Canadian Contributing Writer

In what is being described as a deathbed repentance, the Canadian government has removed the cloud hanging over income trusts since mid-September by scrapping any thoughts of taxing the highly popular investment vehicles. However, Finance Minister Ralph Goodale said nothing specific about whether ac....

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