RE:RE:Trying to remember the poster pushing this storyWell if Trudeau and his Lib pals decide to tax share buybacks, then oil companies have a few other decent options. They can raise dividends and or pay down down debt or a combination of both. In either case, it will benefit shareholders and stock price.
If they decide to tax dividends as well, then they are asking for major pushback from
the retirement plans including CPP, and many other big pension plans in Canada
whether they be private, gov't ones of all types, union plans or individuals like
myself. We are already paying taxes on RRSP and RRIF withdrawls that are
funded by dividends. I think it will cause a tax revolt as dividends are such a vital
aspect of retirement incomes. My anger and disgust will be expressed at the polls
if they go that far. The last time they pulled this kind of BS off was when they cancelled the tax favoured income trusts after everyone was invested in them.