04:19 PM EST - TELUS Corporation : announced late Friday that in light of the federal Minister of Finance's announcement on October 31, 2006 of a new tax plan that would increase the level of taxation on income trusts, TELUS has re-evaluated the Company's proposal announced on September 11, 2006 to reorganize in its entirety into an income trust. TELUS Corporation
shares T.T are trading down 39 cents at $56.64.
