TSX:BPO.PR.A - Post by User
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SONOFFERGUSon Jun 25, 2024 11:17am
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Post# 36105020
RE:RE:RE:RE:RE:RE:BPO Short Positions June 15, 2024
RE:RE:RE:RE:RE:RE:BPO Short Positions June 15, 2024Hi Pierre.
In my recollection, share transactions are on account of capital so no tax implications to issuer -- not taxable, not deductible. A redemption, as opposed to a buyback, can trigger deemed dividends for the holders where the redemption price is > paid up capital, as an example where redemption at $25.50 triggers a $.50 deemed dividend.
The new 2% buyback tax has a carveout for debt-like instruments, which I believe include prefs.