RE:better sell this year... new Capital Gains tax increases!The changes come into effect on June 25th 2024, so any capital gains over $250,000 would be subject to the new 67% tax which is ludicrous that the Gov is taking away any advantage from smart investors. What's also interesting is that only 40,000 Canadians or (0.13%) will be affected by this Tax and earn over $1.4 Million per year. That's how weak our Country has become.
As far as LME, I'm sure Cynthia, Roger and the Board saw this change whether they anticipated it or not is to be determined, however, if a deal isn't struck and closed within 60 days, then there's a very good chance they wait it out for a "potential" Conservative government in 2025 which isn't a gaurantee they win.
Either way the return they were expecting just got whacked down significantly unless by some miracle they get their deal done ASAP and pay the current capital gains tax.