There is plenty of vigorous debate and discussion on blogs and mainstream media sites about the government’s “Tax Fairness Plan”. Here is a collection of interesting posts or columns:
The Toronto Star’s James Daw says that panic selling made for an ugly day but points out that it is not all bad news.
Tom Bradley tackles the important question of buy, hold or sell income trusts on his steady hand blog.
David Callaway, columnist for MarketWatch.com says that governments can have an immediate and powerful effect on markets that investors ignore to their peril.
Larry MacDonald (Investment Ideas Blog) says that there might be opportunities in the panic following the taxation of income trusts. He also thinks that dividend paying stocks might get a boost.
The Dividend Guy argues that the latest blow up once again shows the importance of diversification.
Jonathan Chevreau, columnist for the National Post, wrote a pair of articles on this topic:
- One investor is hanging tight despite having his entire portfolio in two securities, both income trusts. Fortunately one of them is a REIT.
- After 2011, income trusts will be virtually indistinguishable from a corporation.
Rob Carrick of The Globe and Mail ($) says that seniors got off easier from the trust shakeup.
Derek DeCloet also of The Globe and Mail ($) lists the reasons why longer term investors are going to be glad that Mr. Jim Flaherty did what he did.