Will retirees have to eat cat food if the government messes with income trusts? The financial industry would have you think so. A well-choreographed barrage of protest is depicting income trusts as essential to the retirement security of Canadians. But will seniors really be hurt if Ottawa intrudes on the sanctity of income trusts?
Since they serve no real economic purpose, income trusts are a peculiar beast. They exist only because of a legal loophole that enables businesses to avoid paying corporate income tax.
CCPA not only does first-rate research; it also connects with the real world by putting powerful information in the hands of advocacy groups and by presenting intelligent, progressive ideas in the media. It is a BC jewel and I urge everyone to support it.
— Kathleen Ruff, founder, RightOn Canada