There’s been a lot of activity lately on the income trust front. Foreign firms are making bids left and right to acquire the Canadian entities, in the wake of the 31.5% trust tax intro­duced by the Conser­v­ative government. Jack Mintz, a professor at Rotman, the business school at the University of Toronto, discusses in a […]

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Not mine, but that of historian John Steele Gordon (via Tax Foundation): In the 18^th century, real property was probably the best measure available of a person’s ability to pay taxes. That’s because it generated income from farming or things like water mills, ship yards and stores. Only the very rich had residences on town lots. […]

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