Deputy finance critic at town hall

The recent Caledon East town hall on income trusts hosted by Skid Crease, federal Liberal candidate, was a well attended success.

"We (CAITI) believe the government's tax leakage analysis is fraudulent," declared Brent Fullard, CEO and president of the Canadian Association of Income Trust Investors. "You can con me out of my vote, but never try to steal my money."

Fullard was able to acquire the original committee reports on the income trusts and showed that there was no justification for the government's decision.

Fullard went on to reveal how the government has never shown the figures it used to justify breaking their campaign promise to not tax income trusts.

"It betrayed small investors like our seniors, who lost a great deal of their personal retirement incomes," said Deputy Finance critic John McKay. "There was a $25 billion economic meltdown caused by the new government's broken promise that affected all Canadians."

McKay went on to paint a bigger picture of fiscal mismanagement from the income trusts to the interest deductability decision to the elimination of the withholding tax.

"Any one of these policy initiatives, individually, would be of little or no benefit to Canada; taken together, these policies are downright disastrous in their potential impact on this country's economy."