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.

Published 3 months ago · Ottawa, Canada

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Reuters

Canada to propose taxing corporate stock buybacks

By Steve Scherer OTTAWA - 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. The tax will produce "significant income", the source said, without providing any further details. The source was not authorized to

3 months ago·United Kingdom

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Global News

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.

3 months ago·Toronto, Canada

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Financial Post

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

3 months ago·Canada

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Toronto Sun

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.

3 months ago·Toronto, Canada

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Bloomberg

Trudeau to Propose New Tax on Stock Buybacks in Canada

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.

3 months ago·United States

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The Globe & Mail

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

3 months ago·Canada

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