Mr. Speaker, last year, a report from an international tax watchdog accused Brookfield of dodging taxes around the world, stating, “there is an apparent pattern of aggressive tax avoidance consistent across its global operations.” It is no coincidence that last week, Brookfield, a megacorporation chaired by senior Liberal economic adviser Mark “carbon tax” Carney, announced it is moving its headquarters from Toronto to Wall Street.
Reports say Brookfield pays a measly average tax rate of 6.1%, but the average Canadian family pays a whopping 45% of their average household income in taxes. Here is the reality: Carney gets paid more if Brookfield pays less tax. While he works to make sure that his company pays less tax, he wants Canadians to pay more carbon tax, all while he is formally advising the Prime Minister on economic policies without ethics or lobbying guidelines.
This is wrong. It is time for the NDP-Liberals to stop letting this man put his own profit over the people of Canada.