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In 2013, the Citizen reported that he charged as much as $20,000 per speaking event, even after he was elected as an MP for the first time in 2008. He discontinued the speaking business when he decided to run for his party’s leadership.

At the time, Trudeau was also listed as a director of two other corporations:

– 90562 Canada Inc., the federal corporation that held a portfolio of securities that were part of Trudeau’s inheritance from his father, Pierre Trudeau, that he shared with his brother, Alexandre. The securities were managed by Montreal investment firm Jarislowsky Fraser. The corporation was dissolved in December 2013.

– 7664699 Canada Inc., Trudeau’s personal holding company, which was used when the inheritance was split up. In 2013, the company listed $958,000 in short-term investments and $255,000 in cash.

Trudeau could have lowered his personal tax burden by having any speaking-related expenses paid through JPJT Canada Inc.

He reported receiving income from the company in his MP ethics disclosure – money that would then be taxed at his marginal personal income-tax rate.

It is not known what was deducted as expenses from the revenue JPJT Canada generated or how much money, if any, the use of the corporation to manage the business saved him in personal income taxes.

When Trudeau disclosed this financial information to the Citizen during the 2013 leadership race, he said he didn’t keep close track of the holdings in the other companies and promised he would place his assets in a blind trust were he to win his party’s top job. In July 2012, he turned over his holdings to BMO Harris Private Banking in Montreal. Joël Carrier, vice-president of the company, is now the sole director of 7664699 Canada Inc.