RE:RE:RE:RE:Taxing share buy backsSounds like SFA and inflation will push everyone up an income tax bracket anyway as they drag their tails moving those brackets up. That'll kick way more than 400 million @ into the pot. I predict it won't happen as most likely, that they'll complicate it with so many exemptions and deductions it will be close to zero, and/or option 3 companies with their gaggle of tax lawyers and accountants will figure out a way to never pay a penny of it. Sounds more to me like somewhere between no friggin way, and only in theory. Deservedly so. Stupid idea to tax return of capital vs return on capital.
Clemxb7 wrote: Heres what I found on the CBC. The total of the two taxes will generate 2.1 billion over 5 years. Yeah sounds like 1%.:
- It's promising to tax share buybacks and introduce a new minimum tax regime for the richest Canadians, measures that are expected to boost government revenue by $2.1 billion over five years.