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How has the announcement by the federal government regarding changes to income trusts affected Newaltas outlook or growth prospects?

April 26, 2017affected announcement changes Federal government income newalta outlook trusts

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How has the announcement by the federal government regarding changes to income trusts affected Newaltas outlook or growth prospects?

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In 2006, Canada’s federal government announced changes to the manner in which trusts are taxed. Trusts will be taxed beginning in 2011. Income trusts, such as Newalta, generally will be allowed to double in size before that time. Therefore, Newalta’ s outlook is positive as we continue with our strategy of dynamic growth.