Mark Carney has helped Brookfield avoid $5.3 billion taxes since 2021 « Canada’s NDP

April 4, 2025 at 1:15 am  Federal, Politics

Canadians lost an estimated $5.3 billion to Brookfield Asset Management’s tax avoidance in the time Mark Carney was at the company.

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.

But they only paid $2 billion – leaving a tax gap of $4.1 billion USD or $5.3 billion CAD.

This is the same calculation method used by the Toronto Star and Canadians for Tax Fairness for their reports on corporate tax avoidance.

One major entity, Brookfield Asset Management Ltd, has paid no taxes at all for three years.

Two days ago, CTV reported that most of Brookfield’s core operations – associated with $50 billion of their business – were registered in a Bermuda building housing a bike shop.

And CBC has reported that two funds personally chaired by Mark Carney were registered in Bermuda. Carney acknowledged these funds were registered in Bermuda for tax reasons.

View the full article from the original source

No conversations yet

Activity Stream

Thu, Jun 4, 2026 at 8:00 am - David Suzuki posted on their blog: Protected area targets face potential pitfalls
Mon, Jun 1, 2026 at 8:53 am - Transition Kamloops posted on their blog: Have your say on new AI datacentre proposal
Sun, May 31, 2026 at 11:27 pm - Kamloops Film Society posted on their blog: Sunday Classics | Dad Cinema – The Kamloops Film Society
Sat, May 30, 2026 at 10:37 pm - Transition Kamloops posted on their blog: Data Centres: What do we really know? What do we need to know?
Thu, May 28, 2026 at 8:00 am - David Suzuki posted on their blog: National security means halting and reversing nature loss
Wed, May 27, 2026 at 1:56 pm - Kamloops Film Society posted on their blog: Lucid, followed by post-film Q&A – The Kamloops Film Society
Mon, May 25, 2026 at 3:21 pm - Kamloops Film Society posted on their blog: KFS Board Corner – The Kamloops Film Society
Mon, May 25, 2026 at 9:21 am - Transition Kamloops posted on their blog: Call to action re municipal climate action funding
Thu, May 21, 2026 at 3:22 pm - Kamloops Film Society posted on their blog: Accessibility at the Paramount Theatre – The Kamloops Film Society
Thu, May 21, 2026 at 8:00 am - David Suzuki posted on their blog: Don’t throw that home away!
Full Stream

Upcoming Events

Ivan Decker: Million Dollar Comedy Tour
Saturday Jun 13
All Events