A new group called the Canadian Association of Income Trust Investors(CAITI)is being formed to try and stop income trusts from being taxed.
The group—which includes CI Investments, Dynamic Funds, PricewaterhouseCoopers, the Coalition of Canadian Energy Trusts, and others—hopes to preserve the ongoing viability and sustainability of the Canadian income trust market.
CAITI’s creation comes as the House of Commons finance committee will meet tomorrow to discuss whether or not it should take another look at the federal government’s decision to start taxing income trusts.
On Oct. 31, 2006, the government announced it would tax trusts like corporations beginning in 2011.
To read how the income trust decision affected pension funds, click here.
For more information on CAITI, click here.
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