Thursday, April 14, 2011

Thank you for taking the time to write to Michael Ignatieff

Just received this in my email:

Thank you for taking the time to write to Michael Ignatieff, Leader of the Opposition and Member of Parliament for Etobicoke-Lakeshore. With the dissolution of the 40th Parliament and the call of the 41st General Election this email account will not be monitored regularly and it cannot be used to communicate political messages during an election campaign.

If you have any question or comments for Michael Ignatieff and the Liberal Party of Canada please contact

To which I responded:

From: Brent Fullard
Sent: Thu, April 14, 2011 7:22:16 PM
Subject: Income Trusts

When are you going to expose Stephen Harper's lie about tax leakage that was at the heart of his income trust tax? A tax that caused the 75% of Canadians without pensions to lose an essential retirement income investment vehicle.

A tax that was imposed on income trusts held in RRSPs, but not income trusts held by pension funds like the Public Sector Pension fund that manages the retirement assets of Canada's civil servants and who exploited this unfair advantage when they acquired Thunder Energy Income Fund, and pay no taxes.

A tax that caused over 2 million Canadians to lose over $35 billion in the value of their hard earned retirement savings.

A tax that caused over $100 billion in Canadian businesses formed as income trusts to be taken over by foreigners, like the $5 billion takeover of Prime West Energy Income Trust by Abu Dhabi Energy or the takeover of TransAlta Power Income Trust by Hong Kong billionaire Li Ka Shing, to mention but two of the 45 similar takeovers that caused Canadian taxpayers to lose $1.2 billion in annual revenue, since there foreign investors have structured these acquisition in a manner that will see no taxes collected by Ottawa, whereas as public income trusts held by Canadians Ottawa was collecting $1.2 billion in taxes (on these 45 trusts alone)?


Dr Mike said...

Nice try Brent.

If I was you , I wouldn`t hold my breath waiting for a reply.

Dr Mike Popovich

Anonymous said...

I receive messages from the Liberals just about every second day. I have answered many of them, asking why they don't tackle the Income Trust issue. I don't get any response from them. Why? Who knows! What are they so afraid of? Even when I get phone calls from them they just freeze when I bring up the Trusts. Crazy, eh? BB

Anonymous said...

The Liberals are no different than the Conservatives concerning the income trust file. Their corporate masters did not like the income trust structure (way too much democracy and fairness in wealth distribution in the trust model for their likes). Running a corporation is only for the benefit of wealthy upper management and the board, not small investors. The head honchos then demanded Flaherty destroy the trusts i.e., kill the competition for capital. If the Liberals had been in power at the time they would have done exactly the same as the Torys. All Canadian politicians serve their corporate masters first, anything or anybody else comes a distant second.

Anonymous said...

I had a call from the Green Party asking for my support and a donation of $200. I said I would be happy to if Elizabeth May and the Green Party would make an issue of Harpers Income Trust lie.
Her cheery voice changed and she thanked me for my past support and we ended the call.

I cant believe the Greens would not make an issue of this even to simply embarass Harper and the Conservatives. It would cost the Greens nothing to make this an issue.

Anonymous said...

Liberals + Demarais $$$ = silence on income trusts

Shameful !!!

Anonymous said...

legalize Marijuana and you get a discussion on prime time CTV,
now requesting a discussion on the income trust issue a $35B fiasco and you get a cheap email in return !!

yes folks Sex and drugs sell !!

Bruce Benson said...

The Liberals have left Income Trust investors for dead and that is why they will never get one more cent from me. All the promises made to Income Trust Investors over the years are as meaningless as any promise made by Harper. The only reason I will vote Liberal is they are not Conservative. Damn them all.