As you all know, I'm a rich and powerful investor.
Well, okay, I'm an investor. Like most Canadians my wife and I have RRSP's and an RESP for the kids. And like most Canadians I'm not a guru, wiz-kid, or a day-trader. I make my contributions every pay cheque and put the money in some boring fund or blue-chip company and wait for retirement to come along (the sooner the better).
But those boring funds and blue chips got a lot more exciting on Hallowe'en in October 2006. Up until that time, and during the previous election in which the Stephen Harper's Conservatives received their first minority mandate, we had been assured that their government would never raid senior's nest eggs.
But then Stephen Harper and Jim Flaherty introduced the Tax Fairness Plan - a rather ironic name for a piece of legislation that no one (except the foreign equity funds that snapped up Canadian trusts at rock-bottom prices) considered fair - changed all that. The boring old income trusts that I was saving my money in suddenly lost almost 25% of their value!
That's when I joined the Canadian Association of Income Trust Investors, headed by Brent Fullard.
Brent recently had an article published in Canada's chain of Sun newspapers. I've put a copy of it below, or you can find it at the CAITI blog.