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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Post by clubhouse19on Jun 09, 2022 9:15am
287 Views
Post# 34743085

Bombardier may get a break on wealth tax

Bombardier may get a break on wealth taxThe Globe and Mail reports in its Thursday edition that business leaders have urged senators to address concerns that a new luxury tax on autos, boats and planes could trigger thousands of job losses in Canadian manufacturing. The Globe's Bill Curry writes that the House of Commons is scheduled to give its final approval Thursday to Finance Minister Chrystia Freeland's budget bill, C-19, which includes the tax. The third-reading vote will send the bill to the Senate, where several committees are already holding preliminary studies of the legislation. The luxury tax has surfaced as the most controversial element of the 440-page budget bill. Some tax-fairness advocates have praised the measure as a way of forcing wealthy Canadians to contribute more toward government services. However, business and labour leaders alike have warned that it will hurt well-paid jobs. The luxury tax would apply to new automobiles and aircraft that cost more than $100,000 and on vessels selling for $250,000 or more. Late Tuesday, MPs voted unanimously in favour of an NDP amendment to the budget bill that gives the government flexibility to delay the planned Sept. 1 implementation date for the new tax, but only with respect to aircraft.
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