Carney’s use of tax havens at Brookfield shows he’ll let corporations off the hook, says Ashton

This morning’s revelation that Mark Carney personally co-chaired two investment funds registered in Bermuda shows Canadians can’t count on him to make corporations pay their fair share.

“Every day, we learn more about Mark Carney’s concerning choices as Chair of Brookfield,” said NDP candidate for Churchill—Keewatinook Aski Niki Ashton. “When it comes to tax fairness for working Canadians, Mark Carney is part of the problem, not part of the solution.”

Brookfield has allegedly avoided paying billions in corporate taxes and experts have said it “may claim the title of Canada’s top tax dodger.” According to a 2021 report, Canada loses as much as $30 billion per year to corporate tax avoidance, money that New Democrats say could be invested in health care, infrastructure for communities and Indigenous housing.

Carney continues to refuse to disclose his assets to Canadians, but one report shows he held $6.8 million in stock options at the end of 2024.

“Mark Carney has been deliberately covering up his record in business. From shifting assets to tax havens in Bermuda to moving the company’s headquarters to the US, Mark Carney is not in it for working Canadians,” said Ashton.