-->Wed-23-Nov-2005 20:20 EST Canadian federal government announces no
changes to tax treatment of
income trusts

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CALGARY, Nov. 23 /CNW/ - Enerplus Resources Fund ("Enerplus") is pleased
to announce that the Minister of Finance of Canada, Mr. Ralph Goodale, has
issued a news release regarding income trusts and other flow-through
entities announcing no change to the tax treatment of income trusts in Canada and calling an end to the consultation process that was initiated by the
federal government in September of 2005. The announcement also calls for a
reduction in the personal income tax rate on dividends for Canadians in order to
level the playing field between corporations and income trusts.
Mr. Gordon Kerr, President and Chief Executive Officer of Enerplus
responded to the announcement by saying"We believe the solution put
forward by the federal government is a responsible reaction to the input
received to date by the consultation process and should remove the uncertainty
surrounding the trust sector".
Full details including the complete text of Mr. Goodale's announcement
can be found at the following link http://www.fin.gc.ca/news05/05-082e...
along with the backgrounder which provides further information on the
enhanced tax credit for dividends from large corporations.