Although somewhat OT, I'm betting the key to surviving this is in purchasing high-yielding stocks, particularly in the energy and shipping sectors, and other vehicles that provide income (ADVDX, for one). There's a limit to how far down an HTE can go when it's already yielding 17% with a payout ratio of only ~62%. At least until 2011, when the Canadian government starts taxing CanRoys as regular businesses.
Given that I will have about 80% of my investments in high-yield stocks, I am mildly interested in what's going to happen in 2010 when/if the 15% LT cap gains/dividend tax expires, if it isn't legislated out of existence before then. I have a feeling that this tax break will remain because too many political donors, not to mention retirees, rely on this income.