“A Conservative government will...preserve income trusts by not imposing any new taxes on them"
Conservative Party of Canada 2006 Platform: Stand Up for Canada.
"It is why we will preserve the public pensions programs that sustain so many of our parents, grandparents, and senior citizens, as well as help them benefit from their own savings and not monkey around with their income trusts."
$35 billion lost by investors who believed his promise.
“I've got seniors that have income trusts that are down $25,000 or $30,000 today.... They're getting hit in a big way."
Brendan Caldwell, President, Caldwell Securities Ltd., Winnipeg Free Press, November 2, 2006