Finance Minister Bill Morneau dodged questions about his use of numbered companies to hold investments Friday, suggesting he does not have to defend his personal financial choices to journalists. Morneau batted away a question about why he held some of his investments in an Alberta company rather than one domiciled in Ontario, where he lives. The process we have in our country isn't that I report to journalists on my personal situation. Owning investments in a personal holding company can provide various tax and non-tax benefits. What he did is came in and found a loophole he said, 'What if I have those stocks in a numbered company in Alberta?

Source: CBC News October 20, 2017 18:00 UTC