Power Corporation of Canada T.POW.PR.A

question?

[smush74]

Question, would POW the company (should the corp tax increase to 18%) be effected as it holds controlling positions in various insurance companies and other financial products?

Thank you

[TimeBuilder]

IT will NOT happen !!   IMO  Banking & Insurance is a must have for a civilized nation...As everything  is connected to the total economy ( the $ , interest rates, prices, capital spending etc. etc.) Our current leadership has NO idea about money except spending ( other than to get votes) & finances ( by an x reporter) & just what grows the  economy as they

[Thor16]

Indirectly or Directly - yes it certainly would.  

[TimeBuilder]

Agree   ...A  TAX grab to cover stupidity ( behavior that shows a lack of good sense or judgment.)            IMO

[lb1temporary]

The proposed tax is for banks and lifeco only. So, Great-West will be affected, but less than banks the most targeted with the proposition; the others assets like IGM financials will be not. The week's share price performance unaffected in contrary to banks speaks by itself.

[lb1temporary]

From Nat. bank financial : Liberals propose a surtax on large banks & lifecos. Earlier today, Prime Minister (and Liberal Leader) Justin Trudeau announced a proposed surtax on banks and insurance companies during a campaign stop. The proposal is outlined HERE and entails a 3% surtax on all earnings over $1 bln. Combined with a proposed “Canada Recovery Dividend”, the Liberals expect to

[smush74]

Thank you everyone for your input, much appreciated.