8 Replies to “The Libranos: Laundered Energy”

  1. Do note that all this reporting is from a decade ago; we should be very curious as to what has transpired since.

  2. Quelle Surprise? This is what happens when CRA tax lawyers meet up with Enviro-Can regulators to cook up a “sustainable” recipe and serve it to a corrupt PMO. If they bite = bureaucratic gravy train. It’s just a theory…

  3. If the government hadn’t started giving special tax treatment to REITs maybe this wouldn’t have happened, but as the great Learned Hand pointed out:

    “Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”

    Note also, that unless you hold the shares in a TFSA, you are taxed on any pass through income, usually at a pretty high marginal rate

  4. Chairman of Brookfield is Frank McKenna, former Premier of New Brunswick. He knows how this game is played in Canada.

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