OTTAWA – It was a figurative razor blade in the apple for Canada's income trust conversion gang this Halloween. Late Tuesday afternoon, Federal Finance Minister Jim Flaherty announced a "Tax Fairness Plan for Canadians" which talks about a number of things, of course, but squarely targets the escalation in income trust conversions in Canada. The market opening this morning might be ugly for telecom stocks, especially Bell Canada Enterprises and Telus Corp., which have announced plans to convert to an income trust. Telus shares spiked up about 20% when it made its announcement in September. The government's move will also impact those...
