The federal government implement the Tax Fairness Plan as outlined in Ways and Means Motion No. 10 – including a 31.5% tax on income trust distributions, a four-year transition period for existing trusts, and pension income splitting for seniors – adopted November 7, 2006 with the support of the majority of the House of Commons.
The federal government implement the Tax Fairness Plan as outlined in Ways and Means Motion No. 10 – including a 31.5% tax on income trust distributions, a four-year transition period for existing trusts, and pension income splitting for seniors – adopted November 7, 2006 with the support of the majority of the House of Commons.