Amid the debate over the safety and risk levels of Income trusts, I have discerned a considerable amount of mis-information. The biggest mistake is the lack of distinction between an investment in a single business organized as an Income Trust and a Mutual Fund organized as an Income Trust. Beginning Investors must seek professional advice before they act on these matters. I just hope, these Advisors understand the difference. I will now share my understanding of the good news that came from the Finance Minister's announcement on the eve of the Election Call. These comments are detailed further in the website: http://www.Mortgage-Freedom.com . But, let me quote the tax benefits of the Dividend tax Credits directly from the Content. Com article:

Income you derive from Interest on a Savings Account, for example, is very heavily taxed…. up to 100% in Canada. By comparison, only 50% of Income derived from Capital Gains is reported and taxed. As for the Dividend Income from Canadian Sources a complicated formula gives a tax deduction for the interest you paid as the cost of borrowed money. It also gives you a Tax Credit, the Dividend Tax Credit, which reduces the Taxes you would be required to pay normally. This is the best way to receive Income in Canada. The Canadian tax burden has least impact here.

It sits on my conscience that CARP AND 50 Plus, these Innocent Organizations that support and advocate the causes of Canadian Seniors have been blamed for what I may have done. In fact, I would be surprised if many a Mutual Fund Advisor did not do the same. Maybe I was the one who did the wrong and leaked the Finance Minster's Information, not just the day before, not just one week before, but at least one if not two months before the Minister's announcement of his Tax decision on Income Trusts. In fact, in my article, I did use the terms "good news" and "Insider Information". May be I will now receive the visit from the Ontario Securities Commission. May be the RCMP will come knocking on my door. I was hoping I would simply receive a flood of calls from Seniors and other Investors who needed sound advice on where to put their money in order to receive a steady Income from their hard earned savings.

Now I see that at least, I must receive the visit from a Priest in Confession because CARP is taking the blame for my action.

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