There is No fairness in Taxing Imaginary Gains.

Ken Chapman of blogscanada.ca, e-group writes:- (Comment on Globe & Mail Article -- Harper Claims Parliamentary Priviledge Immunity from Lawsuit)

I will follow this matter carefully and post on it as it develops. In the meantime let’s hope for principles of democracy and fairness and transparency and accountability will be honoured by the Harper government. And lets watch this carefully since it is an opportunity for citizens to judge the quality of character and capacity for governance of the current minority government and its leader…and our pro tem Prime Minister. The Cons ought to be providing a full public disclosure as a matter of course just so we ordinary little-people citizens can come to an informed decision if we can trust these people to represent and govern us.

Well Said Ken -- A victim of the Taxable Benefits booby trap has told me that he met Paul Martin in person and Paul said words to the effect that he would have tried to correct the "Taxable Benefits" inequity had his party remained in power.

What is so difficult about correcting a mistake in the classification of corporation shares from a "Potential Taxable Benefit" to a "Real Capital Gain or Loss?"

The obstacle appears to be money -- Revenue Canada has a few billions of dollars in their "Accounts Receivable" ledger -- much of which is deferred taxes on non-existant gains.

Everyone knows this tax is grossly unfair -- but those who can make things right decline to correct the on-going oppression -- and the only reason that makes sense -- is the cost issue.

So Honesty, Fairness and Justice in governemnt have their price.

As Ken Chapman said:- "...so we little-people, citizens can make an informed decision if we can trust these people to represent and govern us."

There will be another federal election before long -- and I implore you to demand more from your government than a series of hollow promises. No commitment to correct this unfair tax issue means no vote.

Victor