Dean Del Mastro
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Dean A. Del Mastro, (born August 16, 1970 in Peterborough, Ontario) is a Canadian politician, and a Conservative Member of Canada's House of Commons. He was elected as a Member of Parliament in 2006, representing the riding of Peterborough in eastern Ontario. This seat had been held by Liberal Peter Adams since 1993, who decided not to run in the most recent election.
Del Mastro began high school in Lakefield, Ontario, and graduated from Adam Scott Collegiate and Vocational Institute in Peterborough. He then later attended University of Windsor. Since then, he has served as chairman of the Suzuki Canada Dealer Advisory Board, and as Vice President of Del Mastro Motors Ltd., his family's business.
Dean Del Mastro won his seat in the Canadian general election, 2006 with 22,774 votes (35.9% of the vote share), over Liberal Diane Lloyd (20,532 votes and 32.4% of the vote share), and New Democrat Linda Slavin (16,286 votes and 25.7% of the vote share). Del Mastro won by a margin of 3.5% of the total vote.
Del Mastro continues to support the new proposed rules for income trusts introduced by the Conservatives October 31, 2006. [1] The immediate result of the change in tax policy was a loss to Canadian investors of $20 Billion, the largest ever loss attributed to a change in government policy. [2] According to the Canadian Association of Income Trust Investors some 2.5 million Canadian investors were effected by the change in Income Trust Policy. [3]
Del Mastro is a member of the Standing Committee on Finance.[1] The Standing Committee on Finance released it's report Taxing Income Trusts: Reconcilable or Irreconcilable differences? on February 28, 2007 following the committee's hearings in Jan-Feb 2007 examining the proposed changes in rules on Income Trust taxation. Del Mastro co-authored the Dissenting Opinion of the Conservative Party of Canada which recommended:
- The federal government implement the Tax Fairness Plan as outlined in Ways and Means Motion No. 10 – including a 31.5% tax on income trust distributions, a four-year transition period for existing trusts, and pension income splitting for seniors – adopted November 7th, 2006 with the support of the majority of the House of Commons.[4]
[edit] References
- ^ Coalition of Canadian Energy Trusts. "Vote Breakdown – November 7, 2006", Coalition of Canadian Energy Trusts, November 07, 2006.
- ^ Global National TV. "Exclusive: Flaherty received death threats", Global National TV, February 01, 2007.
- ^ Brent Fullard. "Income Trusts: Just Another Special Interest Group?", Canadian Association of Income Trust Investors, January 05, 2007.
- ^ House of Commons Standing Committee on Finance. "Taxing Income Trusts: Reconcilable or Irreconcilable differences? pages 43-46", House of Commons Canada, February 28, 2007.
