Finance committee  First of all, we're paying more than our fair share. There's no scenario under which you can look at the statistics and see that Canadian individual unitholders are not paying their fair share, so this whole notion of not paying their fair share is just false.

Finance committee  Certainly we're at a loss to understand how we have not been included under the same basis that the real estate investment trusts were, because it was for real estate and resource properties that the whole structure was originally set up. What the government stated in their back

Finance committee  They exist in the U.S., Australia, and elsewhere. The fact is that the U.S. has an active flow-through entity model very much like this, and they are patterning it in the upstream resource sector on the success of the Canadian—

Finance committee  It is difficult to understand what the agenda is, because they will not discuss it with us. As we try to consult with them and try to offer them feedback on their reasons for acting, they will not engage. Is there a hidden agenda? I don't know, but we certainly don't know what th

Finance committee  It's our view, and of course we don't have firm knowledge, but if you listen to some of the government's own witnesses, people like the Governor of the Bank of Canada, they are suggesting that the model was being extended to areas outside of where it was originally intended. I do

Finance committee  What we're saying is that the ability to optimize Canada's energy resources for all Canadians has taken a significant hit. If you took the opportunity to review our report, you would see that the maturing western Canadian basin has significant cost issues, and any time you increa

Finance committee  Section 85, I believe.

Finance committee  Absolutely. If the ultimate conclusion is that we must be forced to become corporations, then there has to be a tax-effective mechanism to do that without penalizing all of our investors on what we would view as an arbitrary forced conversion. So there are very clear issues on w

Finance committee  It specifically addresses some questions that came from the chair yesterday about the fact that valuations are back up. I'll give you our example. We're one of the larger top performing trusts. We traded in the $28 to $29 range on October 31. We currently trade in the $21 to $23

Finance committee  Thank you very much. First and foremost, I'd like to address the issue of was it or was it not intended. I don't think there's any question from anyone who looks at this policy that this policy was intended to eliminate trusts from the Canadian economy. Based on the government's

Finance committee  Thank you very much, and thank you for the opportunity to present our views. When the Conservatives broke their promise not to tax trusts, it came as a total surprise to millions of hard-working Canadians, and it will have severe negative economic impacts for all of them. The go