Canada’s trust tax regime under scrutiny

Growing federal tax losses and shrinking productivity blamed on energy income trusts; finance minister wants ‘early’ changes

By Gary Park

Petroleum News Canadian Contributing Writer

Precision Drilling, Canada’s largest drilling contractor, has caved in to the lure of the income trust sector, coinciding with renewed pressure on the Canadian government to change the way it taxes the trusts. With announcements of new trusts and conversions occurring almost on a daily basis, the Ca....

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Overhaul would raise public ire

Government looking at various changes

Stampede to trusts

Precision sold divisions in June