Well maybe the government should tax corporations Nooooooo not like that!!

OTTAWA - Electricity Canada is sounding the alarm over a proposed tax change it warns could see some private utilities saddled with millions in additional income taxes.

He says the problem arises from an adjustment to the Income Tax Act[...]It would bring Canada in line with the United States, the United Kingdom and Ireland on tax rules for companies that operate across more than one country.

But Powell says those countries exempted private utilities that are publicly regulated because they are often required to carry higher debt loads in order to keep rates lower. The new rule would lower the tax exemptions for those debt loads, meaning income tax bills would go up.

Who could have seen this coming?? Yes of course the power utilities will just absorb a giant % cut in profits