Stone Cutting Course...

ETCHED IN STONE?
A commentary on the reluctance of
Canadian Political Leaders to initiate Essential Upgrades
To the Canadian Income Tax Act.
By Victor Drummond ©
October 2007

Of all the articles posted to this blog site – every one berating the taxation of unrealized “Income” not one comment has been returned that defends the government’s right to do so.

Everyone – including the government’s own Ministers – recognize the injustice of this flaw in the taxable benefit legislation.

Of the few acknowledgements -- returned to victims – in response to their letters of appeal for justice – not one has indicated any intention of correcting the defective legislation.

In fact – one such letter – shared with me recently by a victim – came from a high level minister and contained nothing more or less than a replay of the legislation that caused the improper taxation in the first place. But no mention of fixing the flawed legislation.

Members of our present government treat the existing Income Tax Legislation as though it came down from Mount Ararat with the Ten Commandments. Not so chaps.

Our present Income Tax Act – and it’s multitude of Interpretive Bulletins, and Tax Guidelines were written right here – in good ole Canada -- by people not one whit smarter than out present PM and supporting MP’s.

And when a legislation defect shows up – such as the improper inclusion of corporate shares (no matter how acquired) -- as an item that has been taxed as:- “Earned Income” when there was nothing “Earned” and no “Income” to tax.

Then it is long past time to get out the Mallets and chisels to cut a new stone tablet that corrects the flawed: “INCOME TAX – TAXABLE BENEFIT” legislation.

We have confidence in your ability to correct this injustice – so do not show us you are not up to the job.

Victor Drummond ©