Revera Living, Making a Killing: Tax Dodging by a Canadian Crown Corporation?
The percentage of COVID-19 deaths in long-term care homes in Canada – higher than in any other country by the end of 2020 – has exposed the long-standing concern that profit is prioritised over care. Revera, a private corporation, is the second largest care home operator in Canada and is dire
ctly owned by the Public Sector Pension Investment Board (PSP), a Canadian Crown corporation and one of Canada’s largest public sector pension funds.
Very limited information on company finances is publicly available in Canada. CICTAR instead has carried out an in-depth analysis of Revera’s care home operations in the UK, which shows a pattern of aggressive corporate tax avoidance and provides an insight into Revera’s likely corporate conduct and culture in Canada.
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