Prorogation of parliament kills capital gains tax changes tech community fought [BNN Bloomberg (Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
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Source: BNN Bloomberg
If passed before the prorogation, the changes would have raised the portion of capital gains on which companies pay tax to two-thirds from one-half. It would also have applied to individuals with capital gains earnings above $250,000. When the changes were pitched in the Liberal's latest budget in April, they were met with disdain from Canada's tech and business communities. The president of e-commerce giant Shopify Inc. called the move a tax on innovation and risk taking, while others suspected it would cause talent to flee the country. The capital gains changes were tabled as a ways and means motion in June but got held up last year, when parliament was stalled because of a dispute over the government's green technology fund. This report by The Canadian Press was first published Jan. 6, 2024. Tara Deschamps, The Canadian Press
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News
- EMERGE Completes Sale of Shop Domains to Shopify [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Prorogation of parliament kills capital gains tax changes [Investment Executive - News]Investment Executive - News
- Prorogation of parliament kills capital gains tax changes [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Prorogation of parliament kills capital gains tax changes tech community fought [Yahoo! Finance Canada]Yahoo! Finance Canada
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $125.00 price target on the stock, up previously from $115.00.MarketBeat
SHOP
Earnings
- 8/7/24 - Beat
SHOP
Sec Filings
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- SHOP's page on the SEC website