David  Macdonald must be a fool for putting forth the analogy of the janitor. The key distinction is that the janitor takes no risks but simply lives off the job that the capital provided by the risk taker provided Mr Macdonald views it as a tax expenditure when the government doesn't provide relief for double taxation. Foreign tax credits make allowance for the fact that foreign income has already been subject to foreign tax as allowed by treaty. The dividend tax credit attempts to integrate the taxes paid by a Canadian corporation when it is distributed with those levied on an individual had they earned the income directly. They operate to prevent both double tax and tax deferral. The half inclusion on capital gains provides some relief from the taxation of inflation that occurs overtime as investors hold investments it also provides some incentive for risk taking for without it the capital businesses need would be substantially reduced. This guy doesn't know what he is talking about