As the protector of Canadians' pensions, you seem to have no qualms taking advantage of tax structures or investing in countries with low to no taxes. You have no qualms using taxpayer money to get around tax rules, do you?
You said that you don't bypass tax laws and that you honour all your tax obligations. You also said, however, that you try to minimize the tax consequences of your investments, and to do that, you use jurisdictions with very low tax rates.
How can you justify that practice to Canadians, who are the shareholders of the investments you make?