Quote:
Originally Posted by Slava
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.
That said though, I don't think that the father traded these shares illegally. I think he knew that the Liberals were raising taxes the same as everyone else at that point and that was enough for him to want to move out of the shares.
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Are you talking about their offering of Independent Pension Plans (IPP)? When the Liberals announced the upcoming PC tax changes, Morneau Sheppel started aggressively and directly advertising to physicians about their IPPs, including a campaign of flyers and lunchtime seminars put on by their advisers. Morneau effectively put all the prof corp testicles in a vice with one hand, while using the other hand to offer a "solution" provided by his company.
How this blatant conflict of interest didn't get more media attention is beyond me. You expect this kind of activity from Trump, but the Morneaus are just as corrupt.