With respect to the government’s proposed tax on income trusts to take effect in 2011: (a) what is the government’s current revenue forecast for 2010-2011 and 2011-2012 from the tax on income trusts; and (b) what portion of these monies will be shared with the provinces and territories, (i) how much money will each province receive, if any, as a result of the tax on income trusts in each year 2010-2011 and 2011-2012, (ii) has the government established a working group to determine how this revenue would be shared, as requested by the Ontario Finance Minister in 2007, (iii) which provinces has Finance Canada consulted with to inform them of the monies they should expect from this tax, if any?
In the House of Commons on September 14th, 2009. See this statement in context.