Canada to propose taxing corporate stock buybacks

Liberals to propose corporate stock buyback tax in fall economic statement: source

A senior government official says Finance Minister Chrystia Freeland's fall economic statement will propose to tax corporate stock buybacks in a bid to encourage companies to invest in their domestic operations and workers.

Trudeau to Propose New Tax on Stock Buybacks in Canada

(Bloomberg) — Prime Minister Justin Trudeau’s government will propose a tax on corporate stock buybacks in an effort to encourage companies to invest in domestic operations and workers, Canadian Press reported.  Read More

Liberals to propose corporate stock buyback tax in fall economic statement, source says

Thursday’s fiscal update is widely expected to include Canada’s response to U.S. President Joe Biden’s Inflation Reduction Act, which also included a one-per-cent tax on corporate stock buybacks

Canada to propose taxing corporate stock buybacks – source

Canada will on Thursday propose a tax on corporate stock buybacks, a senior government source said, similar to a measure introduced by United States this year in a law aimed at boosting investment in green transition technologies.

Fall economic statement to include proposed corporate stock buyback tax: source - National

A senior government official revealed the plan on the condition they not be named because they were not authorized to discuss the contents of the fiscal update publicly.

Canada's government is to propose a tax on corporate stock buybacks