Here’s your chance to remind Justin Trudeau of his promises to close the stock option tax loophole. Remind him that failure to keep his word is costing billions. He chose to keep this perk for wealthy CEOs while telling us we can’t afford Pharmacare, a childcare program or many of the other investments that would make Canada stronger. That’s just not right.
Whether it is federal or provincial governments, lawyers, or financial advisors.... people in the business of forming companies in Canada need to understand the importance of an accessible, public registry to trace true beneficial owners. In this opinion piece, Canadian lawyer Martin Kenney argues that access to that material is an essential tool to frustrate tax evasion, fraud, and terrorism. He also exposes what he feels is a fundamental hypocrisy in the attitude of the United States and Canada towards "secrecy jurisdictions."