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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (136512)	11/4/2022 9:14:31 AM
From: Goose94	Read Replies (1) of 203657

TSX/TSX-V/CSE: Ottawa to tax Normal Course Issuer Bid (NCIB)... Ottawa is imposing a two-per-cent tax on share buybacks as it looks to encourage Canadian businesses to reinvest capital into their operations rather than plow excess cash into shareholder-friendly measures. Corporate Canada has some time on its side – the new tax doesn't come into effect until the start of 2024. The tax itself will be on the value of all types of shares repurchased by companies, and is double the excise tax on buybacks unveiled by U.S. President Joe Biden as part of his Inflation Reduction Act earlier this year. BNN.ca

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