Good NewGOOD NEWS
Trudeau raising capital gains tax = limiting trading of stks
In the budget today, starting June 2024 Trudeau will increase the capital gains tax from 50% to 66.66% for corporations regardless of amounts and, for individuals whom report more than $ 250,000 in capital gains.
The EFFECT of this increase will result in SEVERE LIMITED STOCK TRADING by big institutions and big individuals as triggering the sell buttom will result in taxes owing.
This would mean that the stock market would rotate out of an alogrithim trading system into one where institutions and big buyers will hold onto to their shares and become LONG TERM HOLDERS of stock.
I think that this is a brillant strategy from Trudeau as it will finally properly tax gains on the stock, making it much more expensive and therefore eliminate all of the trash games played by manipulators.
Good Luck,