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Canada to propose taxing corporate stock buybacks

Summary by Ground News
A senior government official says Finance Minister Chrystia Freeland's fall economic statement will propose to tax corporate stock buybacks. The source spoke to The Canadian Press on the condition they not be named because they were not authorized to discuss the contents of the fiscal update publicly. Thursday's fiscal update is widely expected to include Canada's response to President Joe Biden's Inflation Reduction Act.

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CP24 broke the news in Toronto, Canada on Wednesday, November 2, 2022.
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