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Fact check: How much has the Canada Revenue Agency collected in taxes from Brookfield since 2017?

Checked on October 26, 2025

Executive Summary

Brookfield’s exact tax payments to the Canada Revenue Agency (CRA) since 2017 are not stated in the available materials; multiple investigations and expert testimonies instead report a tax gap or avoided tax in the billions between 2017 and 2024, with estimates ranging from roughly $3.5 billion to over $6.5 billion for 2017–2021 and further contested figures for 2021–2024 [1] [2] [3] [4] [5]. No source in the provided set gives a definitive total collected by the CRA from Brookfield for the full 2017–present period [1] [6] [2].

1. The headline claims: Big gaps, big numbers, and no CRA total

Analysts and advocacy groups claim Brookfield faced a large tax gap from 2017–2021, with figures including “over $6.5 billion” in underpaid taxes (expert testimony), “more than $6 billion” avoided (CITACR), and $3.5 billion avoided in 2021 alone (Canadians for Tax Fairness) [1] [2] [3]. Subsequent reporting extends the timeline: one piece says Brookfield paid $0 in taxes from 2022–2024 despite $1 billion profit, and others estimate Canadians lost $5.3 billion to avoidance between 2021–2024 while Brookfield allegedly paid $2 billion instead of $6.1 billion [4] [5]. None of these items state the CRA’s gross collections from Brookfield since 2017 [1] [6] [2].

2. Where sources align: structural avoidance and use of tax havens

All materials identify Brookfield’s corporate structure and use of subsidiaries and jurisdictions like Bermuda, the Cayman Islands and Malta as mechanisms that complicate tax assessments and can reduce Canadian tax liabilities [2] [3] [7]. These consistent observations underpin the tax-gap estimates and the contention that apparent profits and reported Canadian tax paid do not directly translate into CRA collections, because multinational flows, intra-group charges, and residency rules affect taxable income and allocation [2] [7].

3. Where sources diverge: magnitude and periods covered

Estimates differ sharply: one expert testimony quantifies a $6.5 billion gap for 2017–2021 while another NGO report cites more than $6 billion avoided for that window and a separate group claims $3.5 billion avoided in 2021 alone [1] [2] [3]. For 2021–2024 the numbers diverge again, with claims that Brookfield paid $0 in 2022–2024 despite profit, versus calculations that Canadians lost $5.3 billion and Brookfield paid $2 billion when $6.1 billion was expected [4] [5]. Different methodologies and baselines explain much of this variance [1] [5].

4. Timeline matters: newer claims extend and intensify scrutiny

Earlier reports (2022–2023) focused on Brookfield’s structure and a concentrated 2017–2021 tax-gap estimate, while 2024–2025 reporting and testimony incorporate later fiscal years and assert zero or minimal tax payments in 2022–2024 despite reported profits [3] [4]. The most recent dates in the set include March–April 2025 and October 2025 testimony, which push the narrative from historical gaps to contemporaneous alleged underpayment and renewed calls for CRA and parliamentary scrutiny [4] [5] [1].

5. What the documents do not provide: CRA’s collected total since 2017

None of the summaries specify a single cumulative figure that the CRA has collected from Brookfield since 2017; rather, they present avoided-tax estimates or differences between expected and reported payments. This omission means the question—“How much has the CRA collected?”—remains unanswered by the provided materials, because collection figures require CRA reporting or Brookfield’s tax receipts disclosures, neither of which appear in these excerpts [1] [6] [2].

6. Methodological caveats: tax gaps vs. tax paid, and estimation challenges

The term “tax gap” or “avoided tax” in these documents denotes estimated difference between an expected tax base and what was paid, not direct CRA receipts. Estimates depend on assumed taxable income allocation, adjustments, and jurisdictional rules; small changes in assumptions produce large differences in multi-year totals. Advocacy groups, expert testimony, and investigative journalists each use distinct baselines—some compare statutory rates to consolidated profits, others model hypothetical Canadian taxable income—so numbers are sensitive to methodology [2] [3] [5].

7. Political and organizational signals: possible agendas around the figures

The sources include advocacy organizations and expert testimony presented at a parliamentary committee, which can reflect public-interest pressure and political scrutiny. Reports emphasizing large avoided sums press for policy action; Brookfield-linked reporting or company statements (not present here) would emphasize compliance. The differences in framing—“lost to Canadians” versus “tax-efficient structuring”—signal competing agendas that affect how figures are selected and presented [1] [5] [7].

8. Bottom line and what would close the gap in answers

Based on the supplied materials, one cannot state how much the CRA has actually collected from Brookfield since 2017. The available evidence documents multi-billion-dollar estimated tax gaps and contested payment claims for 2017–2024, but does not provide CRA collection totals [1] [2] [4]. To answer definitively requires CRA-provided collection data, audited corporate tax payment schedules from Brookfield, or official reconciliation presented to Parliament; absent those documents, existing figures illustrate the scale of dispute but not the CRA’s cumulative receipts [1] [2].

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