Ottawa released the rules yesterday for Income Trusts to convert to corporations. The Globe and Mail has this story.
And I made the following comment:
Corporate taxes suck! Every company should be an income trust. Distributions don't have to be regular or even at all for capital intensive businesses - but the taxes on the profits should be paid by individuals not corporations! Corporations don't vote - they lobby, individuals vote - and that's where the govt's money should come from.
