On August 4, 2023, the Department of Finance released a revised version of its proposed 2% equity buyback tax (“Buyback Tax”) that will apply to relevant transactions that occur on or after January 1, 2024....more
11/9/2023
/ Canada ,
Capital Markets ,
Equity ,
Income Tax Act ,
Proposed Regulation ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Securities Regulation ,
Securities Transactions ,
Share Buybacks ,
Tax Liability
On August 4, 2023, the Department of Finance released an updated version of the draft legislation that will incorporate the excessive interest and financing expense limitation rules (“EIFEL Rules”) into the Income Tax...more