QUOTE:

I see no impetus for the federal government to do anything about trusts...We keep hearing they have to do something, but why?

“...the previous Liberal government’s own tally of taxes lost to trusts was $300-million. That was the number cited by then finance minister Ralph Goodale last November when he announced that taxes on dividends would decline in order to draw investor interest away from trusts...it’s overly simplistic to look at these conversions strictly as a drain on taxes.”

The tax argument, as far as I can tell, sure isn’t enough to make a minority government come out and do something

FROM: Article by Rob Carrick
ROB, Globe & Mail