Federal budget 2019: Liberals raise stock option taxes on high-paid executives [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Federal budget 2019: Liberals raise stock option taxes on high-paid executives The federal government dusted off an old campaign promise Tuesday by pledging in the budget to increase taxation on the stock option gains of some of Canada’s most highly paid executives, a move seen as an attempt to siphon support from the New Democratic Party. “It’s a political move going into [this fall’s] election … they’re doing this to outfight the NDP,” said Toby Sanger, executive director of Canadians for Tax Fairness, a lobby group primarily funded by labour organizations. “They’re going after the 1 per cent” -- the highest-income earners in the country. But the government also shielded some options recipients from the higher taxes, particularly employees at technology startups. Those high-risk firms successfully petitioned the government to back down early in its mandate on its option-taxation promise from the 215 election campaign by arguing it would hurt their ability to attract and keep employe
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