RE:RE:RE:RE:RE:RE:RE:Mini Budget is Rumoured to have a Buyback Taxcpeczek wrote:
Thanks for crunching the numbers. That isn't too bad but still unnecessary spending. Could have easily paid the salaries for 8 or 9 people, "investing" in Canada by making Canadian companies less attractive to investors!
GH flies under the radar but if we looked at say the old gang of insiders at Great Canadian Gaming, getting massive annual options packages for producing below-average results, you can see the NCIB tax starts to sting a little. I forget what their buybacks looked like but it might have been $50mm to $100mm each year. Slap a 2% tax on that and it starts to add up. Yes, that tax of $1mm to $2mm could have paid quite a few salaries of valuable front-line employees on the old GC war ship.