1) Frank Stronach
The Great Canadian who established The Greatest Prime Minister series, set up home in Zurich, Switzerland, so he could avoid paying Canadian taxes. Last year, Stronach was paid $70.6 million through Magna International’s European subsidy, thus earning zero tax liability. Stronach’s reported income since 2000: $270 million.
2) Michael DeGroote
Worth $1.23 billion. Lives in Bermuda. Mitigating circumstances: Donated $105-million to McMaster University in 2003.
3) Eugene Melnyk
Ottawa Senators owner has a net worth of $759 million and avoids paying taxes by living in Barbados.
4) Peter Nygard
Claims he’s a resident of the Bahamas, but the CRA says otherwise and is demanding $16 million in back taxes. For once, we’re with the revenooers.
5) Shania Twain
Ducks Canadian taxes by living in Montreux, Switzerland. Twain, an Order of Canada recipient, claims she lives in Switzerland for “space and privacy.” Her net worth is approximately $500 million.
— With notes from Frank Magazine.
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