Tired of broken promises ? I am
Date: Friday, November 17 2006
Harper stated a promise during the election campaign, (just a short ten months ago), and now has broken that promise. This one is pretty serious; it affects 1 in every 6 Canadians.
This broken promise has cost Canadian investors more than $25 billion so far. Yes, I'm talking about the promise of not taxing income trusts. "A Conservative government will ... preserve income trusts by not imposing any new taxes on them," the Conservative election platform stated.
It is one thing to break a promise on saying you would build a building or pave a road by just not getting aound to it. It is something else entirely to promise to preserve an investment vehicle and then completely reverse that promise.
Many seniors and other Canadians saving for their retirement took the conservatives at their word and based significant investment decisions on this promise. The result for many is a significant hit to their RRSPs and savings--in many cases as much as a 20% loss.
Said in another way, if your RRSP was worth $300,000 one day, it was likely worth only $240,000 the next.
Your Mom, your Dad, you, your brothers and sisters may very well have been impacted by this broken promise.
It is time to take action on politicians that don't keep promises, especially those that don't respect our hard-earned savings.
Sign the petition at
After all, what's next? Maybe they will just cancel RRSPs or introduce a new tax on houses that no longer have a mortgage.
[Proofreader's note: this article was edited for spelling and typos on November 20, 2006]