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Yesterday the Prime Minister accused low-income Canadians of paying no taxes, but what about him? He inherited a multimillion dollar family fortune in the form of a tax-preferred trust fund from his father. Le Journal de Montréal wrote this: “For more than 15 years the funds from the trust have grown off the balance sheet of the Prime Minister and his brother without affecting their taxable income”.
How much tax did the Prime Minister avoid paying by using this trust fund tax loophole to shelter his family fortune?