Post by
checkup on Nov 03, 2022 11:23am
Tax on Buy Backs
Our Federal government is so ignorant. Rumour before Freeland reports is that they will tax buybacks on shares. Response will likely be companies won't back back.
Comment by
robert41 on Nov 03, 2022 11:40am
I'm not a fan of buy backs I agree with you the companies will just stop doing it hard to see how these buybacks reflect the share price anyways....I would rather see special divi's and debt reduction. Just another dumb move by government that they hope will make them look better to joe public
Comment by
PlutusofCrete on Nov 03, 2022 12:20pm
Eric Nuttal is getting stressed out again....all good for BIR though. Looking forward to my dividends.
Comment by
Northstar49 on Nov 03, 2022 10:11pm
CEO did relay that message, after Buy Backs and Special Dividend payout complete. Would allow BIR to invest "new opportunities" sound great. Looking forward I am. BIR Buy Backs should already be complete, as special dividend considered after those transaction. ABC, Great Canadian Company.
Comment by
marketsense on Nov 03, 2022 1:26pm
Fine with me. Use FCF for increasing dividends and debt reduction. Just another tax grab by the greedy but dumb a ss Liberals. Keep it up and they will destroy the golden goose that is subidzing their own bloody paycheques. Next will be a windfall tax on profits and dividends. The we all go down with the Titanic to the bottom.