The government giveth, the government taketh away. If the government really wanted to help us they'd reduce the taxes, instead of granting exceptions and retaining the right to change their mind when it suits them.
Luckily my exposure to income trusts was around 2%, not material really. And there is a reason I did that. Any financial instrument that operates in the realm of taxable earnings is subject to the systemic risk that the government will take away the exemption. RRSPs and other tax deferred plans are really just another form of the same thing. Who is to say that when Alberta and Ontario stop bailing out the rest of the nation, the federal government simply says - "Sorry guys, all those deferred taxes are due. Now."
I keep my savings in a non-taxable environment. When I look at putting savings at risk in a taxable investment the hurdle rate is pretty high. as the promised rewards have to be commensurate and the probability of success high.
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