Deals
Morneau to Divest Shares of Family Company in Tax Flap
- Finance minister will also move assets into a blind trust
- Canada won’t proceed with proposal on capital gains taxation
Morneau Says Canada Can Do Well With Higher Dollar
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Finance Minister Bill Morneau will divest all shares in his family’s company as questions about his personal finances cloud the outlook for the Canadian government’s push to overhaul the tax code.
Morneau said Thursday in Ottawa he will place his family’s assets in a blind trust and divest about one million shares of Morneau Shepell Inc., a human resources company founded by his family and that he once led. While the issue is politically explosive, there is no clear sign Morneau violated ethics rules.