Tech industry warns budget's capital gains proposals could cause 'irreparable harm'
ca.finance.yahoo.com
TORONTO — The federal budget is being met with disdain from Canada's innovation industry, including tech darling Shopify, which called the capital gains measures in the fiscal plan a potential cause of "irreparable harm." The sector is disappointed that the Liberal government's budget tabled Tuesday includes a proposed increase to the proportion of capital gain earnings on which businesses pay income tax, to two-thirds from one half. The hike would also be applied to individuals for capital gain
  • enkers@sh.itjust.works
    0·
    7 months ago

    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?

  • Rentlar@lemmy.ca
    0·
    7 months ago

    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.

  • GreyEyedGhost@lemmy.ca
    0·
    7 months ago

    “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.