The Department of Finance released a consultation paper last week soliciting views on a number of tax-related issues arising from the burgeoning income trust market. This consultation paper is part of a consultation process announced in the 2005 Federal Budget. In turn, this process arose from the suspension of proposals in the 2004 Federal Budget seeking to limit investment in income trusts by pension funds. This bulletin outlines the contents of the consultation paper and the next steps in the consultation process and the role that BLG can play in that process.

type Tax Law Bulletin - September 2005