Dear Mssrs. Kennedy, Oliphant, Milliken and Ignatieff

Thursday, February 18, 2010 12:15 PM:

Dear Mr. Kennedy:

My wife and I are seniors who live from the proceeds of our RRIFs.

Flaherty's Hallowe'en announcement on income trusts wiped out a third of the value of our RRIFs overnight,

The new tax "fairness" measures that begin in 2011 will tax income trust distributions coming into our RRIFs, but will NOT tax those same income trust distributions going into publicly held pension plans, like OMERS.

Seniors' RRIFs will not benefit from the dividend tax credit, as will all non registered investors.

The Marshall Savings Plan addresses these inequities and also addresses the so-called Flaherty problem of 'tax leakage'.
An Environics poll was conducted by way of 1,000 random telephone calls made between Feb 4-9 across Canada and reveals that 79.6% of Canadians favour inclusion of the Marshall Savings Plan in Budget 2010. The full report is available for downloading and viewing at http://marshallplan.ca/marshall_plan.html

We are writing you to urge inclusion of the Marshall Savings Plan in the 2010 budget.

Thank you, Les and Marion XXXX

Thursday, February 18, 2010 11:00 AM:

Dear Mr. Oliphant, I hope you are aware of the calamity visited upon trust holders by Mr. Flaherty's misguided policy on taxation.
Please support the tens of thousands of voters whose investments were gutted by this decision. Barry XXXX.
http://marshallplan.ca/index.html


Wednesday, February 17, 2010 9:01 PM :

Dear Mr Milliken:

It is time you Parliamentarians got of your butts and done something about the Harper gouvernments plan to Tax Income Trust. A lot of pensioners and semi retireds depend on that income. It is just not fair to tax pensioners more than other Pension Funds, like your own.

Elmer xxxxx
Kingston

Wednesday, February 17, 2010 6:35 PM

Mssrs Layton and Ignatieff - pay special attention to reason # 2. What is your position on this plan?

W.L.M. xxxxx
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By BRENT FULLARD
Published February 15, 2010
The Hill Times

TORONTO—An Environics poll conducted between Feb. 5-10 found that 79.6 per cent of Canadians support the inclusion of the Marshall Savings Plan (MSP) in Budget 2010 to "Stop the income trust bleeding" (see Stanbury, The Hill Times, Feb. 8, 2010). Full poll details are available at MarshallPlan.ca . The poll was commissioned by the Canadian Association of Income Trust Investors/Taxpayers, which I head up.

Here are 10 more reasons why I believe it is incumbent on all party leaders and MPs to push for inclusion of the MSP in the March 4 federal budget.

(1) The premise on which the double taxation of retirement income in RRSPs (but not pension funds) was based, namely tax leakage, is false. It arbitrarily ignores all of the taxes paid by the 38% of Income trusts held in RRSPs. The MSP turns these “tomorrow taxes” into today taxes, negating that false argument along with the need for the 31.5% tax.

(2) If Michael Ignatieff does not vigorously push for inclusion of the MSP in Budget 2010, he will be viewed as a hypocrite after making speeches decrying Harper’s income trust tax as an act of “vandalism” based on “fallacious” arguments. Ditto for Jack Layton after positioning himself as the champion of upholding transparency, opposing foreign takeovers and protecting Canadians’ pensions.

Dear Mr Milliken:

It is time you Parliamentarians got of your butts and done something about the Harper gouvernments plan to Tax Income Trust. A lot of pensioners and semi retireds depend on that income. It is just not fair to tax pensioners more than other Pension Funds, like your own.

Elmer xxxxx
Kingston