Elayan, Fayez A.; Li, Jingyu; Donnelly, Maureen E.; … - In: Journal of Business Finance & Accounting 36 (2009-06) 5-6, pp. 725-753
This paper explores the relationship between tax-induced dividend clientele theory and the recent changes to the taxation of income trusts in Canada. On October 31, 2006, the Canadian government announced the Tax Fairness Plan ("TFP") calling for the elimination of the considerable tax advantage...