Press Release: November 23, 2005
FOR IMMEDIATE RELEASE
Canadian Association of Income Funds (CAIF) welcomes the Federal Government’s decision on Trust treatment
Toronto, ON – The Canadian Association of Income Funds (CAIF) is pleased with the Federal Government's decision to take a practical and even-handed approach in levelling the playing field between investors in income trusts and corporations.
“We welcome today’s statement by the Department of Finance that it intends to adjust the manner in which corporate dividends are taxed in the hands of individual investors,” said Stephen Probyn, Chairman of the Canadian Association of Income Funds. “This approach should provide greater parity between the way that investors in income trusts and corporations are handled in the tax system. We believe the Government’s decision is a very positive and appropriate course of action.”
CAIF appreciates that the Government and Members of Parliament listened to the views of the industry, investors across the country and other stakeholders and acted accordingly.
The Canadian Association of Income Funds (CAIF), the national association representing Canadian income funds, publicly listed limited partnerships, and royalty trusts.
For further information or to arrange an interview, please contact:
Jennifer Field
Office: 613-786-9956
Cell: 613-327-0012
Jennifer.field@hillandknowlton.caor
Robin Sparks
Office: 403-268-7855
Cell: 403-818-3339
Robin.sparks@hillandknowlton.ca