Athabasca Oil Corp T.ATH

buybacks

[CarsT1]

wonder if federal budget proposal to assess tax on share buybacks will cause companies to accelerate buybacks in 2023 before new rule takes effect in 2024, and will otherwise result in bgger cash dividend payouts by companies like ATH having positive excess cash flows.
GLTA

[BigJake]

My opinion only but if buybacks make sense right now which I agree with,  a 2% tax really won't make that much difference 

[cahclick]

  What really pizzes me off is the Feds once again steal from the guys that financially pay for this country to operate (and are not part of the Liberal voter base) and they give "free groceries", free dental, free eye care to those that make up the Liberal voter base.  Starting to look more like the communist society like Trudeau's dad was a fan of. Sorry, off topic

[Griffen]

That's why china wants a liberal government

[BigJake]

Our current pm isn't shy about increasing our debt just like daddy. It will just make it tougher to accomplish things once we get a real government 

[Maxmoe]

I agree, and the double taxation on dividends is far worse than 2%. My concern however, is like all taxes, they just go up and up and up until the government changes. I haven't seen the fine print on the tax re whether ATH can use their $bazillion in tax losses to shield the 2%. 

[Dibah420]

"My concern however, is like all taxes, they just go up and up and up until the government changes." Changing governments might (or might not) yield lower taxes, but seldom gets us out of burgeoning deficits. In Ontario, for example, the reign of Mike Harris-Ernie Eves bequeathed a larger deficit that what they had inherited from the previous duo of David Peterson-Bob Rae. Cheers

[Maxmoe]

I don't disagree. I meant that one specific new tax RATE creeps up and up. So the 2% doesn't seem like it's enough to spur angry villagers with pitch forks and torches to encircle the castle, my cynical side sees that as intentional. Then they'll creep it up to 3%,5%,10% until the villagers gather and replace their overlords with a new gang. Who may very well not eliminate the now

[dandu1924]

We need to change the canada gover, with the Conservative,  all those twisted taxes ( carbon tax, 2% buyback tax ) will be cancelled.