But not any more. The Canadian Government has moved to close loopholes that allow "Income Trusts" to pay no taxes while corporations do. It seemed two of Canada's biggest telephone companies, "BCE" and "Telus" wanted to hop abroad "the gravy train" and become Income Trusts rather than private companies.
All you have to do to qualify is pay out your profits to "investors" who are on board the gravy train too.(It pays better than bonds, dividends or anything else.)
In the end, the Canadian taxpayer would have to pick up the tab which was a billion a year with 700 million going to foreign investors who pay minimal tax.
http://en.wikipedia.org/wiki/Income_trust (What's An Income Trust)
http://www.theglobeandmail.com/frontpage/ (Globe And Mail Articles)
St Johns