Following a report that said that Mark Carney co-chaired two investment funds that were registered in the tax haven of Bermuda, the Liberal leader defended the decision as benefitting Canadian pension funds.
“The structure of these funds is designed to benefit the pension funds … They pay the taxes on their pension. That’s the design,” Carney told reporters in Windsor, Ont., on March 26, giving the examples of the Ontario Teachers’ Pension Plan and Caisse de dépôt et placement du Québec.
