BWAHAHAHAHAHA!!!... sorry... couldn't. keep. straight. face...heeheehee...
Ok. I'm better now. Really.
Credit where credit is due: I'm impressed that Joe Flaherty and the Conservatives were capable of the hitherto unseen abillity to accept stark reality when it was rubbed in their face long enough, and enough intestinal fortitude to do what was necessary. And enough basic humanity, or at least political savvy, to reduce the impact of the neccesary steps on Canadian senior investors.
One last relevant thought from the Globe's Eric Reguly to consider as Corporate Canada's outraged stuffed suits bawl like branded calves:
Tax balance -- the relative proportion paid by corporations and individuals -- was already in trouble in Canada. The rising trust market threatened to kill it. The impression given by corporations, with their lobbyists and PR men and speechwriters, is they pay the lion's share of the taxes in this country, and that the tax burden is making them uncompetitive in the global market. Nothing could be further from the truth. The truth is that corporations paid the equivalent of 60 per cent of all individual taxes collected in the early 1960s, according to national accounts. Since then, the figure has dropped to about 30 per cent. In other words, the relative tax burden on the individual has doubled, while on corporations it has been halved.