Saw this over on the other site. Seems like a fantastic idea.
this post was submitted on 09 Mar 2025
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Rona is owned by a US private equity firm. It was Canadian, but not for years now.
God damn. What does that mean in terms of tax, etc? They still pay corporation tax and whatnot in Canada? Profits, etc. reported in Canada or repatriated to the US?
What about Home Hardware?
I can't say what it means for tax, but I assume it's similar to Walmart or other US chains operating with a Canadian subsidiary corporation(ie Walmart Canada vs Walmart). I'm guessing the money goes back home.
After a quick search it seems like Home Hardwares are still independent and Canadian owned. When I was a kid, the ones around here were all owned by regular people who lived in the town the store was in. Canadian Tire is similar I believe.
Man, that sucks about Rona. I guess it's similar with Tim Hortons, Wendy, Burger King all being HQd in Toronto but owned by a Brazilian fund?
Yeah, pretty much. I'm going to try my best to shop at Home Hardware now.