Tackle Tax Havens

Report: Bay Street and Tax Havens

Bay Street and Tax Havens: Curbing Corporate Canada’s Addiction

This report explores the extent of corporate Canada’s involvement in known tax havens and provides clear recommendations for a strong government response. It looks at the 60 largest companies listed on the Toronto Stock Exchange. Only 4 of the 60 companies listed no subsidiaries in known tax havens.


Stop Corporate Tax Dodging

Canada’s Top 60 public companies have over 1000 tax haven subsidiaries or related companies.

They use these to shift profits offshore in order to pay less tax. A popular practice is selling a patent or trade mark to an offshore subsidiary and then charging itself licensing fees for the use of that same patent or logo.

How does our tax system let this boondoggle happen?

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