March 18, 2016
Partner Jamie Scarlett has written an op-ed for the Globe and Mail providing his commentary on the potential economic benefits of a reintroduction by the federal government of the income trust in Canada.
Jamie’s insights cover the economic change the country has seen since the government ended income trusts 10 years ago, offering various reasons why the timing may now be right to revive a conversation about these trusts to "come up with a solution that’s positive for investors and businesses, for capital markets and for the economy as a whole." Below is an excerpt of the article.
There’s a lot of talk these days about the need for Canadians to save more for retirement, but with a sputtering economy, weak job-creation numbers and interest rates seemingly stuck at near-record lows, that’s easier said than done.
Fortunately, Canada has a new federal government that has committed itself to applying open-minded and fresh thinking to tackling difficult issues. So, here’s a suggestion for Prime Minister Justin Trudeau and his government looking for ways to boost the economy and create a steady stream of investment income for Canadians who need it: It’s time to give income trusts another look.