Income trusts fight on; government digs in

Minister draws flack for suggesting oil, gas trusts are ‘moving on’; reiterates tax proposal won’t change; trusts argue for exemption

Gary Park

For Petroleum News

Readers of Canada’s income trust sector are embarked on what analysts think is “Mission Impossible” in pressing the federal government to exempt existing trusts from its planned tax changes — indefinitely. One of the most respected cabinet ministers virtually told them to accept the inevitable. Indi....

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