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Old 12-03-2017, 04:28 PM   #56
cal_guy
Scoring Winger
 
Join Date: Nov 2002
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Quote:
Originally Posted by Slava View Post
Well the truth is he should have resigned when he brought in the tax changes (which were later scrapped). I talked to some other advisors and we all realised that one of the major ways to shelter yourself from these tax changes involved a program which Morneau Sheppel just so happens to be a huge player in. So while the government was closing this particular tax window, one major "solution" was offered through his company. They're not the only players in that realm, but are enormous. There is just no way he wouldn't have realised that, and I just think it's reprehensible.
The changes have not been scrapped, but only changed so that the first $50000 of passive income is exempt from the new rules.
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