Budget closes loophole for financial institutions trading in dividend stocks - The Globe and Mail

By closing the loophole, the government says, it can add $635-million to federal coffers over five years starting in 2022-23, and $150-million annually afterward

The federal government plans to tweak tax laws to remove the breaks given to big financial institutions that are benefiting from complicated hedging strategies on dividend-paying stocks. The budget … [+2227 chars]

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