Reinvest or Repurchase? Canada Passes Buyback Tax to Nudge Companies to Reinvest
By Trevor Rowars, 2L On November 3rd, 2022, Canada announced a 2% tax on all share buybacks by public corporations in Canada. This 2% buyback tax will become effective on January 1st, 2024. Canada’s government projects that this will raise 2.1 billion Canadian dollars ($1.5 billion US dollars) over the course of five years. Canada […]