Just so we don’t get too smug among ourselves here in Canada I wanted to post this late breaking story.
Liberal Leader Philippe Couillard put $600,000 he earned in the 1990s in an offshore bank account in the Channel Islands, reveals a report by Radio-Canada’s investigative team Enquête.
Couillard worked in Saudi Arabia between 1992 and 1996, setting up a neurosurgery clinic.
He stated publicly this week that he had money in an offshore account between 1992 and 2000.
Couillard did not pay Canadian taxes on the money, which is perfectly legal as he had severed all ties with Canada at the time.
“In Saudi, like all people who are there, I was a non-resident. So I put my assets at the time in a foreign bank and when I returned, I transferred the money back home,” Couillard said Tuesday.
A spokesperson for the Liberal leader told Enquête today that Couillard declared the revenue from the interest on the money and paid taxes as required by law, and also added that Couillard chose Jersey because that particular bank had links to a Canadian bank.