Mark Carney says Canadians, including Canadian companies, should pay their fair share of taxes.

Mark Carney sets a fine example of tax theft

The problem is that the Liberal leader thinks that applies to you but not to him or the companies he helps run.

According to calculations done by the NDP, Mark Carney has helped Brookfield Asset Management – the company he was formerly chair of – avoid $5.3 billion in Canadian taxes since 2021.

It turns out that Carney setting up $25 billion worth of investment funds in Bermuda, a well-known tax haven, is just the tip of the iceberg. According to the NDP though, Brookfield only paid a third of that amount.

“Between 2021 and 2024, Brookfield’s annual reports show they made $23.3 billion USD in income. At Canada’s corporate tax rate of 26.4%, they should have paid $6.1 billion in taxes,” the NDP said in a statement. “But they only paid $2 billion – leaving a tax gap of $4.1 billion USD or $5.3 billion CAD.”

He also tried to claim that Canadian pensioners were the main beneficiaries of Carney setting up these funds in Bermuda to avoid paying taxes. Let’s be clear, the biggest beneficiaries of Carney setting these funds up in Bermuda to avoid paying Canadian taxes would be Brookfield and Carney himself, who will continue to be paid from this fund for years to come given that he is the founder and that is how the compensation system works.
https://torontosun.com/news/national/federal_elections/carney-says-you-should-pay-your-fair-share-of-taxes-not-him