Hudson Rebukes Notion He is Fleeing Canada to Avoid Higher Taxes

After being accused of fleeing Canada to avoid tax hikes, ECN Capital’s Steve Hudson denied such claims through a spokesman, Canada’s Business News Network reported.

The original claim originated from a BNN interview with Cargojet CEO Ajay Virmani, who said he knew of at least six individuals who were moving to Ireland or Florida in order to avoid a 56% tax.

BNN noted that Hudson is still a Canadian resident, but has spent “a lot of time” in Florida following the acquisition of a company in the state.

The spokesman for ECN told BNN that “We do a ton of business in the U.S. and Mr. Hudson spends a lot of time there, but he is not leaving Canada.”

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