Outgoing Prime Minister Stephen Harper also blasted him for it in January, when Trudeau rose during Question Period to slam the Conservative plan for income-splitting.
Trudeau asked, “Why does the prime minister insist on giving families like his and mine a $2,000 tax break?”
Harper responded, “Let’s be clear, the vast majority of Canadian families cannot rely on a personal trust fund.”
The Conservative leader was referencing an inheritance and speaking business income that Trudeau disclosed to The Ottawa Citizen in 2013.
“I’m not middle class. I don’t pretend I am,” Trudeau told the newspaper.
Trudeau’s inheritance was worth around $1.2 million at the time, and his speaking fees garnered him more than $450,000 in his highest-earning year.
His family’s wealth dates back to his grandfather, Charles-Émile Trudeau, who owned gas stations in Montreal in the early 20th century, as well as real estate, part of an amusement park, and a Montreal baseball team, according to the Citizen.
Charles-Émile died when Justin’s father, Pierre, was just 15. Pierre Trudeau inherited some of his father’s money and later divided it among his children, so they could follow their passions and not have to enter business or law.
Trudeau and his younger brother Alexandre (Sacha) eventually received shares in 90562 Canada Inc., a corporation that managed a series of securities on behalf of the family, the Citizen reported.
As they grew older, the boys started receiving dividends that paid Justin alone as much as $20,000 a year in income supplements.
Trudeau and his brother also inherited a family home on l’Avenue des Pins in Montreal, as well as a summer home on a lake in Quebec’s Laurentian Mountains.
Trudeau’s income will increase once he’s sworn in as prime minister.
As a party leader in the House of Commons, he was set to earn a salary of$224,000 this year (an MP’s base salary is $167,400, while a party leader makes an additional $56,800), according to a 2015 list of Parliamentary indemnities, salaries and allowances.
The prime minister, meanwhile, was entitled to $334,800 for this year, not including a $2,000 car allowance.
Salary for the leader of the opposition is set at $247,500 for 2015. With Harper’s resignation as Conservative leader, an interim head will be appointed.
If Parliament reconvenes in 2015, NDP Leader Thomas Mulcair stands to draw a salary of $224,000 as leader of the third party in the House of Commons. The list of indemnities, salaries and allowances doesn’t show what politicians will make in 2016.
While running for Liberal leader, Trudeau pledged to move his stocks into a blind trust, making good on that promise in August 2013, according to the Ottawa Citizen.
The move means that he doesn’t know precisely what stocks he’s invested in, and it allows him to avoid the appearance of a conflict of interest.
But it didn’t stop him from being criticized by political rivals.
Mulcair also took a shot at Trudeau’s family wealth during the party’s federal council in the spring of 2014, saying his upbringing means he can never understand what middle-class families are going through.
“The problem is, Justin Trudeau will never know what middle-class means,” Mulcair said.
“He just doesn’t understand the real challenges that families are facing. Never has. Never will.“
Canadians aren’t yet certain when Parliament will reconvene. Trudeau has said he will name his cabinet on Nov. 4, and by then it should be known when politicians will return to work, The Toronto Star reported.
What is 90562 Canada Inc. ?
Where does TRUDEAU GET SHARED PAYMENTS FROM ?
Why it is the Can Fed Government!
Giving Justin 20,000.00 per year for years because his Dad and grandfather own shares and others in our shadow government Inc ! AS A STOCKHOLDER ?
GO TO LINK BELOW;
TAX EVASION BELOW
What is Lobbying?
Lobbying is the process through which individuals and groups articulate their interests and press them upon public office holders in order to influence public policy. Any person or group who attempts to influence a public policy decision is engaged in lobbying and may be considered a lobbyist. Professional lobbyists are paid to assist others to represent their concerns to government.
Toronto Stock Exchange (often abbreviated as TSX) is one of the world’s largest stock exchanges. It is the ninth largest exchange in the world by market capitalization. Based in Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities. A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds. More mining and oil and gas companies are listed on Toronto Stock Exchange than any other stock exchange.
The Toronto Stock Exchange likely descended from the Association of Brokers, a group formed by Toronto businessmen on July 26, 1852. No records of the group’s transactions have survived. On October 25, 1861, twenty-four men gathered at the Masonic Hall to create the Toronto Stock Exchange. The exchange was incorporated by an act of the Legislative Assembly of Ontario in 1878.
The TSX grew continuously in size and in shares traded, save for a three-month period in 1914 when the exchange was shut down for fear of financial panic due to World War I. In 1934, the Toronto Stock Exchange merged with its key competitor, the Standard Stock and Mining Exchange. The merged markets kept the Toronto Stock Exchange name. The TSX opened its new trading floor and headquarters in an Art Deco building on Bay Street in 1937. In 1977, the TSX introduced CATS (Computer Assisted Trading System), an automated trading system, and began to use it for the quotation of less liquid equities.
On April 23, 1997, the TSX’s trading floor closed, making it the second-largest stock exchange in North America to choose a floorless, electronic (or virtual trading) environment. In 1999, the Toronto Stock Exchange announced the appointment of Barbara G. Stymiest to the position of President & Chief Executive Officer.
Through a realignment plan, Toronto Stock Exchange became Canada’s sole exchange for the trading of senior equities. The Bourse de Montréal/Montreal Exchange assumed responsibility for the trading of derivatives and the Vancouver Stock Exchange and Alberta Stock Exchange merged to form the Canadian Venture Exchange (CDNX) handling trading in junior equities. The Canadian Dealing Network, Winnipeg Stock Exchange, and equities portion of the Montreal Exchange later merged with CDNX.
In 2000, the Toronto Stock Exchange became a for-profit company, and in 2001 its acronym was changed to TSX. In 2001, the Toronto Stock Exchange acquired the Canadian Venture Exchange, which was renamed the TSX Venture Exchange in 2002; this resulted in the creation of a parent to the TSX, the TSX Group. This ended 123 years of the usage of TSE as a Canadian stock exchange. On May 11, 2007, the S&P/TSX Composite, the main index of the Toronto Stock Exchange, traded above the 14,000 point level for the first time ever. On December 17, 2008, for the first time in TSX history, the exchange was closed for an entire trading day due to a technical glitch.
On February 9, 2011, the London Stock Exchange announced that it had agreed to merge with the TMX Group, Toronto Stock Exchange’s parent, hoping to create a combined entity with a market capitalization of $5.9 trillion (£3.7 trillion). Xavier Rolet, who is CEO of the LSE Group, would head the new enlarged company, while TMX Chief Executive Thomas Kloet would become the new firm president. Based on data from December 30, 2010 the new stock exchange would have been the second largest in the world with a market cap 48% greater than the Nasdaq. 8 of the 15 board members of the combined entity will be appointed by LSE, 7/15 by TMX. The provisional name for the combined group would be LTMX Group plc. About two weeks after Maple Group launched a competing bid the LSEG-TMX deal was terminated after failing to receive the minimum 67% voter approval from shareholders of TMX Group. The rejection came amidst new concerns raised by Bank of Canada governor Mark Carney regarding foreign control of clearing systems and opposition to the deal by Ontario’s finance minister.
On June 13, 2011, a rival, and hostile bid from the Maple Group of Canadian interests, was unveiled. A cash and stock bid of $3.7 billion CAD, in hopes of blocking the LSE Group’s takeover of TMX. The group is composed of the leading banks and financial institutions of Canada.
In March 2015, a competing exchange, Aequitas Neo, opened for trading, listing 45 issues that had been listed only on the TSX. The new exchange aims to focus on fairness, specifically regarding what it refers to as “predatory high-frequency trading practices”. The exchange plans to list additional TSX-listed securities.
The exchange has a normal trading session from 09:30am to 04:00pm ET and a post-market session from 4:15pm to 5:00pm ET on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
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As of March 2017, Toronto Stock Exchange had 2,207 listed companies with a combined market capitalization of CAD $2,841,864,192,504.
The exchange is home to all of Canada’s Big Five commercial banks—Canadian Imperial Bank of Commerce (CIBC), Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada and the Toronto-Dominion Bank—making the exchange the centre for banking in the country. This was seen as being most evident during the proposed mergers of Royal Bank with Bank of Montreal, and CIBC with the Toronto-Dominion Bank in 1998. Then Finance Minister Paul Martin blocked the mergers to preserve competition.
The exchange is the primary listing for several energy companies including; Cameco Corporation, Canadian Natural Resources Ltd., EnCana Corporation, Husky Energy Inc., Imperial Oil Ltd. and Nexen Inc. all within the top 40 companies listed in on the exchange.
- Stock market index
- List of stock exchanges
- List of stock exchanges in the Americas
- List of stock exchanges in the Commonwealth of Nations
- S&P/TSX 60
- Category:Lists of companies listed on the Toronto Stock Exchange
- Government of Canada The Toronto Stock Exchange
- Taylor, Doug. “Toronto’s architectural gems–the Design Exchange (The original Toronto Stock Exchange)”. Historic Toronto. Archived from the original on 17 March 2015. Retrieved 17 March 2015.
- “LSE, Toronto exchange in “merger of equals””. 2011-02-09.
- “Merger Of Equals Will Make Deal More Palatable For Canada Govt”. 2011-02-09. Archived from the original on February 11, 2011.
- Wall Street Journal, “A Combined TMX-LSE Would Be Called LTMX Group”, Ben Dummett, 1 June 2011
- Erman, Boyd; Howlett, Karen (2011-06-29). “Shareholder reject proposed merger of TMX and LSE”. The Globe and Mail. Toronto.
- Erman, Boyd (2011-06-28). “What did Bank of Canada really say about TMX-LSE?”. The Globe and Mail. Toronto.
- New Aequitas Neo stock exchange launches in Toronto pitching ‘fairness’ in markets, CBC News, 27-March-2015
- Trading begins on Aequitas NEO Exchange, TheStar.com, 27-March-2015
- New Aequitas stock exchange gets green light from OSC, CBC NEws, 17-November-2014
- Market Hours, Toronto Stock Exchange via Wikinvest
RCMP DEVELOP it’s OWN EMAIL SYSTEM because of GOV. DELAYS
August 28 2017