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Technology Stocks : JDS Uniphase (JDSU)

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To: Kayaker who wrote (13086)10/15/2000 12:25:14 PM
From: Kayaker   of 24042
 
OT - Great news for us Canadian folks.

globeandmail.com

Capital gains tax to be cut

By SHAWN McCARTHY and HEATHER SCOFFIELD
Globe and Mail Update

Ottawa — Finance Minister Paul Martin is set to make a steep cut in capital-gains taxes as part of a Liberal election plan to boost Canada's performance in the high-tech economy.

In a mini-budget on Wednesday, Mr. Martin will drop the so-called inclusion rate for capital gains to 50 per cent from two-thirds, sources confirmed yesterday.

That means someone who sells shares for a profit would pay income tax on only 50 per cent of that profit; currently, they would pay income tax on two-thirds of the gain.

The new tax rate will apply immediately to capital gains realized after it is announced. Capital gains realized before Wednesday will be taxed at the old rate....
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