TORONTO — The federal budget is being met with distain from Canada's innovation industry, including tech darling Shopify, which both positioned capital gains measures embedded in the fiscal plan as a potential cause of “irreparable harm.” The sector is disappointed thatthe Liberals' budget tabled Tuesday includes a proposed increase to the proportion of capital gain earnings businesses pay income tax on to two-thirds from one half. The party is also pitching the hike be applied to individuals fo
Excellent! I will write my MP that I am happy about this plan and not to water it down. Industries magically extracting money off of overworked Canadian labour and consumers to buy back their own shares, need to pay way they owe to Canadians.
“On the grounds that it will be devastating to my case!”
“Overruled!”
“Good call.”
I get the feeling it will cause irreparable harm to their bottom line. They may have to pay employees more instead of paying them in optimism the company will be wildly successful.
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Ohh noo, the CEOs will take a 1% total income cut, how will they afford their 2nd yacht now? Won’t someone think of the CEOs?
Excellent! I will write my MP that I am happy about this plan and not to water it down. Industries magically extracting money off of overworked Canadian labour and consumers to buy back their own shares, need to pay way they owe to Canadians.
Irreparable harm to what? Irreparable harm to facebook? Who cares?
“Your honor, I object!”
“On what grounds?”
“On the grounds that it will be devastating to my case!”
“Overruled!”
“Good call.”
I get the feeling it will cause irreparable harm to their bottom line. They may have to pay employees more instead of paying them in optimism the company will be wildly successful.