Liberals to propose corporate stock buyback tax in fall economic statement: CP source
BNN Bloomberg
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.
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.
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 U.S. President Joe Biden's Inflation Reduction Act, which also included a one-per-cent tax on corporate stock buybacks.
