Here’s How Much You’ll Pay to Bail Out Bombardier, Inc. Canadians on the Hook to Save Bombardier Stock
CA$55.55 is the amount that every income tax–paying Canadian will contribute to Bombardier, Inc. (TSX:BBD.B) if the federal government decided to approve a CA$1.0-billion bailout to save the embattled plane and train maker—a step that may bring a little bit of hope to the heartbreaking Bombardier stock.
The $55.55 a head is an estimate made by William Watson, a Montreal-born and -raised economist, in his weekly column published in the Financial Post on Tuesday.
Watson divided the $1.0 billion among the 18 million who pay income taxes, noting that there are 33 million Canadians, of whom 27 million file taxes, but nine million don’t actually pay any tax.
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