Finance committee  That information has been deposited with this committee on several occasions, the last few times we've been here. I'd be more than glad to pass it on to you after this meeting.

Finance committee  We have maintained from the very beginning that these were unintended consequences. The minister acted, I'm sure, in what he considered to be good faith to a problem that was obvious at the time, and probably out of a sense of some degree of panic about the possible conversion o

Finance committee  That's not a serious question.

Finance committee  I think it is very clear that the original stated intent, the reason they moved as quickly and suddenly as they did...the official intent at the time was given as tax leakage. The tax leakage that was estimated at the time was $500 million at the federal level and a potential $30

Finance committee  I would be more than happy to provide you with the studies we had done by HLB Decision Economics Inc., an independent outside consultant who did the studies on the tax leakage estimates at the time.

Finance committee  I think the main way I would explain it is that this was a piece of legislation that was rushed in, and the implementation was simply done on a very ad hoc basis. Specifically, most of the implementation measures in fact refer back to a press release that was issued on December 1

Finance committee  In actual fact, that is not clear. So what we are looking for is a statement of intent, a statement that says this is what we will recognize, this is the intention. That is how they dealt with the transition, for example, from an income trust to a corporate entity. They specifica

Finance committee  Thank you very much. The Canadian Association of Income Funds has been before this committee on several occasions in the last year, and we're glad to be here again regarding the income trust policy announced on October 31, 2006. Bill C-52, the first Budget 2007 implementation bi