While you get ready to dig deep, the rich in Canada are busying sending their riches off shore and away. As usual, the little guy pays.
So the result is that most of New Brunswick is still owned by a series of tax-free Bermuda Trusts on behalf of the Irving family. It’s why former Prime Minister Paul Martin’s ship empire was based in Barbados, beyond taxation in Canada, and only a few of us dared to raise a fuss. Bronfman billions were allowed by the government to go to the U.S. tax free and tax loopholes have remained which allow millions to leave daily, with minimal taxation, as long as their Canadian owners “live” offshore for more than half the year.