An expanding family of flow-through shares
With several hoots of the whistle, Canada's fiscal engineers are once again cranking up the income tax locomotive, in an effort to inject new stimulus into a stubborn economy. And once again, additional gears, wheels, levers, and other mysterious parts are being added to the already complex machinery in order to accommodate the new push.
This time, a significant new mechanism involves a major overhaul and expansion of the investment tax credit system.
Although the shiny new devices have considerable appeal to a certain group of potential passengers, one wonders if all of the renewed chugging and huffing is on the right track.