With respect to the calculation by the Department of Finance of the loss of federal revenue from corporations converting to income trust structures: (a) what is the total reduction in federal revenue in foregone corporate income tax as a result of corporations converting to income trusts during the fiscal years 2002-2003, 2003-2004 and 2004-2005; (b) what is the projected loss in federal revenue for the fiscal years 2005-2006 and 2006-2007; and (c) what is the projection of the total reduction in federal revenue from foregone income tax as a consequence of the increase in the dividend tax credit announced by the Minister of Finance on November 23, 2005, to lessen the attraction of income trust conversions?
In the House of Commons on June 21st, 2006. See this statement in context.