Post by
UltraTired on Apr 17, 2024 9:37am
Budget 2024
Looks like the Liberal 2024 budget just made business more difficult in Canada. Can't see this being beneficial for CJ.
Comment by
UltraTired on Apr 17, 2024 10:11am
Can't see CJ wanting to invest in it's business at the moment.
Comment by
Quintessential1 on Apr 17, 2024 3:53pm
Aren't they fully invested and in debt? I don't see that they have any other choice but to keep moving forward. The budget doesn't affect their plan. CJ will be fine and so will shareholders. GLTA
Comment by
UltraTired on Apr 18, 2024 10:28am
The Budget doesn't affect the taxes CJ will pay or the business environment it operates in??
Comment by
Quintessential1 on Apr 18, 2024 1:46pm
Are you asking or telling? If you're telling, tell how? If you're asking, nope. GLTA
Comment by
UltraTired on Apr 18, 2024 2:24pm
Maybe both?!.....lol But a 2/3 capital gains tax now instead of 1/2 has got have them re-evaluating their plans as a business. But I'm always open to hearing other views on that matter.
Comment by
UltraTired on Apr 18, 2024 4:42pm
It's a 2/3 inclusion rate for all CJ capital gains. There is no 250k limit for corporations.
Comment by
Quintessential1 on Apr 18, 2024 6:34pm
Happy to be wrong and glad to have your input. Thanks. GLTA
Comment by
Kherson on Apr 18, 2024 3:20pm
A Capital Gain would only be triggered if CJ sold an asset at a profit and since CJ has large tax pools, I personally think that capital gains are a non-issue. Kherson