Will Liberals Finally Unseat Tories?

Those of us in America with investments in Canroys have been more than disinterested bystanders when it comes to the Canadian Parliament. PM Harper's Tory (Conservative) party decided in October 2006 to break promises to its constituents and begin taxing the profits of Canadian Royalty Trusts. This devestated the valuations of all Canroys. The oil and gas trusts, which are also treated as non-taxable trusts in America (under the concept of Master Limited Partnerships), were especially hard-hit as there was no precedent for taxing the income of asset trusts.

Those of us invested in Canroys were outraged, though the Americans among us could do nothing about it. But the Canadians can, and apparently will. In today's Globe and on the CBC website, I found an article that the Liberal and NDP (New Democratic Party) parties have agreed to form a coalition that will force out the ruling Tory party, Finance Minister Flaherty and PM Harper. While there is no guarantee that the Liberals will roll back the law change regarding taxation of Canroys, there have been indications that the taxes will at least be modified. At this time of decreasing oil prices, we need all the help we can get to support the price of Canroy shares.

Here is the article in total:

http://www.cbc.ca/canada/story/2008/11/30/canada-coalition.html?ref=rss