Mr. Speaker, in 1992 the Department of Finance warned that income earned in a tax free haven country is brought back into Canada tax free. The Auditor General and the public accounts committee repeated this in 1993, yet the Auditor General points out that the former minister of finance introduced two special rules. He basically changed the tax rules to suit himself, meaning that dividends from Barbados could then qualify for tax free treatment in Canada.
In the House of Commons on April 2nd, 2003. See this statement in context.