tag:blogger.com,1999:blog-7141615629701321642.post8807598767872401200..comments2024-01-07T08:41:13.864-05:00Comments on C A I T I - O N L I N E: Today's Hill Times: Why kill the golden goose of tax revenue?Brent Fullardhttp://www.blogger.com/profile/08515599756822506137noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7141615629701321642.post-82099826924029675522010-02-15T13:59:48.883-05:002010-02-15T13:59:48.883-05:00End the double taxation of dividends within regist...End the double taxation of dividends within registered retirement plans = Adopt the Marshall Plan<br /><br />The Marshall plan is adaptive to all dividend bearing issues within RRSPs by allowing their movement from the registered account into the new fully taxable Marshall account.<br /><br />The gov`t wins & the investor wins.<br /><br />As trusts convert to the corporate structure because of the Tax fairness Plan , interest normally paid thru trust distributions will covert to dividends--because they are within the registered accounts there will be no dividend tax credit & these will be double taxed at the end of the run.<br /><br />RRSPs are only suitable for interest bearing items & were set-up as such--that is why income trusts were a good fit.<br /><br />Now thru no fault of our own , these same entities have been forced by the gov`t to covert & now we are unfairly caught in this gov`t double taxation trap.<br /><br />Unfair!!<br /><br />Adopt the Marshall Plan to correct this discrepancy.<br /><br />Dr Mike PopovichDr Mikehttps://www.blogger.com/profile/16915911929286615081noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-22535272427599944812010-02-15T11:41:23.811-05:002010-02-15T11:41:23.811-05:00Great Brent.
I just sent your article on to a few...Great Brent.<br /><br />I just sent your article on to a few Liberals and Iggy with these comments...<br /><br />Michael,<br /><br />Talking about abortion, defending Ed Clark please Michael get in touch with real important Common man issues. Retirement without pensions involves 75% of us. Income trusts are extremely important for retirement income. The Marshall Savings Plan and saving income trusts is number one latest poll shows 80% of Canadians from ALL parties support this plan and the killing of the income trusts 31.5% tax which no one else pays no not even Ed Clark nor the TD Bank.<br /><br />What you need Michael is not to listen to the CCCE the dons of big business but to have a Common Canadian Council advising you on issues important to us the vast majority. Double taxing RRSP's while exempting private equity (the rich and powerful) and pension plans is dead wrong and must be righted. This is where Ed disagrees.<br /><br />The hated HST is looming with your support, and Ed is smiling as he and others rich bankers got an exemption from that too.<br /><br />You need to stand up and demand the same taxation for all Canadians period, no exemptions for some, the rich, and make up the shortfall we will double the taxes on the Common Canadian.<br /><br />FC13Anonymousnoreply@blogger.com