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National Post
National Post
26 Mar 2025


NextImg:Carney defends Brookfield's use of Bermuda tax shelters, says structure helped pensioners

OTTAWA — Liberal Leader Mark Carney defended Wednesday putting two green investment funds in an offshore tax haven while an executive at investment house Brookfield Asset Management.

Carney told reporters at a campaign stop in Windsor, Ont., that the funds were registered in Bermuda to avoid double taxation.

“The important thing… is that the flow through of the funds go to Canadian entities who then pay the taxes appropriately. As opposed to taxes being paid multiple times before they get there,” said Carney.