Suncor Energy Inc. SU

Primary Symbol: T.SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc. > FP TAKE On Capital Gains CHANGES For 2024

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Comment by Experiencedon Apr 30, 2024 1:41pm

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Post# 36015302

RE:RE:RE:RE:RE:RE:FP TAKE On Capital Gains CHANGES For 2024

bt...what you say is absolutely correct. Only your principal residence is exempty from capital gains tax.

That said, your point raises an interesting question about the new tax regime and that is the question of enforcement. The higher tax may encourage more people not to report the sale of their vacation properties or to provide numbers lower than what actually happened. It would take a lot of federal auditors to track this down especially if the property had been in family hands for decades. Will be interesting to see how Justin handles this one.

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