ACPM praises dividend tax credit increase
CANADA - The Association of Canadian Pension Management (ACPM) has praised the government's departure from a proposal that would have limited pension fund investment in business income trusts to 1% of the book value of the fund's assets.
ACPM applauded Ralph Goodale, minister of finance, for addressing the business income trust issue by increasing the dividend tax credit. This outcome was far more ideal than imposing taxes on investments...
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