Canadian Business looked at how much tax some of Canada’s biggest companies pay. By exploiting government loopholes, some of these companies have managed to pay close to no taxes.

TAX AVOIDANCE 1
First Capital Realty
First Capital Realty owns and manages retail spaces across Canada.
More on this company from Canadian Business.

Net income before taxes (Last 10 years, in millions): $1,791

Tax paid in cash (Last 10 years, in millions): $22

Canadian Pacific Railway
CP Rail is one of Canada’s largest rail companies. Find out why it’s paying so little in tax.

Net income before taxes (Last 10 years, in millions): $7,726

Tax paid in cash (Last 10 years, in millions): $139

Percentage of income paid in taxes (Last 10 years): 1.80%

MTS
MTS is one of the largest telecom providers in Manitoba. How did this company dodge the tax man?

Net income before taxes (Last 10 years, in millions): $2,420

Tax paid in cash (Last 10 years, in millions): $100

Percentage of income paid in taxes (Last 10 years): 4.14%

BCE
BCE is a significant player in cable, telecommunications and media.

Net income before taxes (Last 10 years, in millions): $29,527

Tax paid in cash (Last 10 years, in millions): $1,338

Percentage of income paid in taxes (Last 10 years): 4.53%

Gildan
Gildan manufactures clothing like t-shirts, underwear and sportswear. Read more about the company.

Net income before taxes (Last 10 years, in millions): $1,543

Tax paid in cash (Last 10 years, in millions): $85

Percentage of income paid in taxes (Last 10 years): 5.52%

MacDonald Dettwiler & Associates Ltd
MD & A is a leading Canadian aerospace company.

Net income before taxes (Last 10 years, in millions): $1,073

Tax paid in cash (Last 10 years, in millions): $111

Percentage of income paid in taxes (Last 10 years): 10.30%

Brookfield Asset Management
Brookfield is one of Canada’s largest landlords and has significant properties in Canada and abroad. Read CB’s investigation on their tax practices.

Net income before taxes (Last 10 years, in millions): $10,471

Tax paid in cash (Last 10 years, in millions): $1,350

Percentage of income paid in taxes (Last 10 years): 12.89%

Canadian Natural Resources
CNR is a oil and natural gas producer in Canada and abroad.

Net income before taxes (Last 10 years, in millions): $30,960

Tax paid in cash (Last 10 years, in millions): $4,204

Percentage of income paid in taxes (Last 10 years): 13.58%

Enbridge
Enbridge is an energy company specializing in transportation of oil and natural gas.

Net income before taxes (Last 10 years, in millions): $12,117

Tax paid in cash (Last 10 years, in millions): $1,725

Percentage of income paid in taxes (Last 10 years): 14.24%

Read More
Go to Canadian Business for more on corporate taxes.

 

 
 
 
 
 
 
 
 
 
 

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