tag:blogger.com,1999:blog-7141615629701321642.post4467837588558070811..comments2024-01-07T08:41:13.864-05:00Comments on C A I T I - O N L I N E: Ontario Teachers' Claude Lamoureux favours governments to free marketsBrent Fullardhttp://www.blogger.com/profile/08515599756822506137noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7141615629701321642.post-83862441534481186432008-06-04T12:35:00.000-04:002008-06-04T12:35:00.000-04:00Right on the mark Dr Mike .. like many I once had ...Right on the mark Dr Mike .. like many I once had a Defined Benefit Pension Plan .. but due to "right sizing" my assets were rolled into a Life Income Fund where Income Trusts provided both a good cash flow to me and a strong tax source for the elf .. and now? asset values killed .. distributions in the tank .. a Grade 5 kid could see the end result of this crap!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-19834930982895586812008-06-03T16:09:00.000-04:002008-06-03T16:09:00.000-04:00Pension--shmension---whose got a pension????About ...Pension--shmension---whose got a pension????<BR/><BR/>About 70% of Canadians do not have a defined Pension Plan once they retire.<BR/><BR/>Income trusts were a perfect solution for these lost souls such as myself--we could take our savings & turn them into a very nice income stream which had the ability to sustain us as we aged.<BR/><BR/>Then all of a sudden one night , it went poof thanks to Mr Flaherty & heavy lobbying by some of his cronies.<BR/><BR/>So what would have been wrong with leaving the trust market alone & letting us remain self-sufficient.<BR/><BR/>I think nothing!!!!<BR/><BR/>Dr mike PopovichAnonymousnoreply@blogger.com