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Posted AT 7:06 AM EST on 02/11/06

Seniors get off easier from trust shakeup

ROB CARRICK

From Thursday's Globe and Mail

If you're a senior, don't judge Ottawa's move against income trusts by the savaging of the trust market yesterday.Everyone else, feel free to lick your wounds and plot your strategy in the next federal election. The Conservatives have offered significant tax breaks for seniors to blunt the effect of the coming new tax on income trusts, but they left pretty much everyone else with their neck exposed to the kind of vicious market forces we saw in evidence yesterday.

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