The Corporation's investments in guaranteed investment certificates are made in accordance with the Corporation's investment policy. The objective of the policy is to ensure excess cash is invested in a manner that safely preserves the pri...
AI summary The Corporation's investment policy outlines how excess cash is invested in guaranteed investment certificates to safely preserve principal while optimizing returns.
General Index of Financial Information (GIFI) – Additional Information Corporation's name Business number Tax year-end Year Month Day Does that person have a professional designation in accounting? Yes X No
AI summary The text provides a heading and a table related to the General Index of Financial Information (GIFI) – Additional Information. It includes a question about a person's professional designation in accounting and a response indicating 'Yes X No'.
REDACTED Attachment 3 80494 7976 RC0001 ¬ Part 4 – Other information (continued) ———— Impairment and fair value changes In any of the following assets, was an amount recognized in net incresult of an impairment loss in the tax year, a reve...
AI summary The text presents a section from a financial disclosure form, including details on impairment and fair value changes, financial instruments, and adjustments to opening equity. The form is filled out for EfficiencyOne with a tax year end of December 31, 2023. It includes sections on whether impairment losses were recognized, hedge accounting applied, and adjustments to retained earnings due to changes in accounting policies.
1. NATURE OF OPERATIONS EfficiencyOne ("the Corporation") was incorporated in July 2014 under the Canada Not-for-profit Corporations Act. Under Section 79C of the Public Utilities Act, the Corporation, as the franchise holder, has the excl...
AI summary EfficiencyOne is a not-for-profit corporation established under the Canada Not-for-profit Corporations Act, operating under the Public Utilities Act and the Income Tax Act. It manages demand-side management programs and holds endowment funds through its subsidiary, with specific accounting policies for different funds, including the DSM Fund, PNS Fund, and Other Business Fund.
restrictions. All other investment income earned on the HCi3 endowments is recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive cos...
AI summary The document discusses the Corporation's accounting policies, focusing on expense recognition, financial instruments, and impairment testing. Incentive costs are recognized when energy savings are achieved, and financial assets and liabilities are measured at fair value or amortized cost. Impairment testing is conducted for financial assets measured at amortized cost.
he amount that would have been reported at the date of the reversal had the impairment not been recognized previously. The amount of a reversal is recognized in net surplus. Related party transactions Financial assets and financial liabili...
AI summary The text outlines accounting policies related to financial assets, liabilities, investments, and capital assets. It discusses initial and subsequent measurement of financial instruments, impairment reversals, related party transactions, and amortization methods for capital assets.
Cost allocation methodology Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements
AI summary The document presents a table with information about EfficiencyOne, including its business number and tax year end. It also references the General Index of Financial Information Notes to the financial statements, which may provide context for the cost allocation methodology being discussed.
The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 14. There was no change to the CAM from prior years. Use of estimates The preparation of the consolidat...
AI summary The Corporation uses a consistent Cost Allocation Methodology to allocate expenses and has entered into several multi-year agreements with NS Power and the Province of Nova Scotia for demand-side management and energy efficiency programs, with specific funding amounts and timelines outlined.
Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements Operating $ 4 $ 1 Change in Cash $ 4 $ 1 Cash - beginning of...
AI summary The document provides financial details about EfficiencyOne, including operating cash flow, capital assets, deferred revenue, and interfund transfers. It notes services rendered to EfficiencyOne Services Inc., capital assets like furniture and leasehold improvements, and interfund transfers based on FTE allocations.
Capital Cost Allowance (CCA) Corporation's name Business number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 For more information, see the section called "Capital Cost Allowance" in the T2 Corporation Income Tax G...
AI summary The text discusses the Capital Cost Allowance (CCA) and provides a template for corporations to report their CCA elections, including details on associated eligible persons or partnerships (EPOPs) and immediate expensing limits. It references the T2 Corporation Income Tax Guide and includes a table for data entry.
- D is the partnership's income or loss for the period. Double Construction of / (ccacimilarie) • Part 1 – Capital (continued) 242.052.054 Subt total A (from page 1) 248,062,861 A Deduct the following amounts: Deferred tax debit balance at...
AI summary The text provides a detailed breakdown of financial calculations related to a partnership's income or loss for the period, including deductions such as deferred tax debit balances, deficits, and unrealized foreign exchange losses. It outlines the process for calculating capital for the year and includes sections related to investment allowances and the carrying value of various assets.
The Corporation's investments in guaranteed investment certificates are made in accordance with the Corporation's investment policy. The objective of the policy is to ensure excess cash is invested in a manner that safely preserves the pri...
AI summary The Corporation's investment policy outlines how excess cash is invested in guaranteed investment certificates to safely preserve principal while optimizing returns.
A person primarily involved with the financial information is a person who has more than a 50% involved T2 return is based on. For example, if three persons prepared the financial information by doing resiline 111. If they did respectively...
AI summary The text discusses the definition of a person primarily involved with financial information, specifying that such a person must be more than 50% involved in the preparation of the T2 return. The example provided illustrates how this determination is made based on the percentage of work contributed.
1. NATURE OF OPERATIONS EfficiencyOne ("the Corporation") was incorporated in July 2014 under the Canada Not-for-profit Corporations Act. Under Section 79C of the Public Utilities Act, the Corporation, as the franchise holder, has the excl...
AI summary EfficiencyOne, a not-for-profit corporation, was established under the Canada Not-for-profit Corporations Act and operates under the Public Utilities Act. It manages demand-side management programs and maintains separate funds for operations, including the DSM Fund, PNS Fund, and Other Business Fund. The Corporation follows specific accounting policies, including revenue deferral and fund accounting.
restrictions. All other investment income earned on the HCi3 endowments is recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive cos...
AI summary The document outlines the Corporation's accounting policies, including the recognition of incentive costs tied to energy savings, the measurement and disclosure of financial instruments, and the handling of impairment of financial assets. These policies guide how financial activities are recorded and managed.
he amount that would have been reported at the date of the reversal had the impairment not been recognized previously. The amount of a reversal is recognized in net surplus. Related party transactions Financial assets and financial liabili...
AI summary The text outlines accounting policies related to financial assets, liabilities, investments, and capital assets. It discusses the initial and subsequent measurement of financial instruments in related party transactions, the valuation of investments, and the amortization of capital assets.
Capital Cost Allowance (CCA) Corporation's name Business number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 For more information, see the section called "Capital Cost Allowance" in the T2 Corporation Income Tax G...
AI summary The document outlines the Capital Cost Allowance (CCA) process for EfficiencyOne, including tax year-end, business number, and sections related to the T2 Corporation Income Tax Guide. It also includes a table for allocating immediate expensing limits among associated entities.
- D is the partnership's income or loss for the period. Double Construction of Accadimicate 5 Part 1 – Capital (continued) 242.052.054 Subt total A (from page 1) 248,062,861 A Deduct the following amounts: Deferred tax debit balance at the...
AI summary The text outlines a financial calculation related to a partnership's income or loss for a period, detailing capital adjustments and investment allowances, including deferred tax balances and unrealized foreign exchange losses.
Auditor's Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether...
AI summary The auditor's responsibilities include obtaining reasonable assurance that the consolidated financial statements are free from material misstatement, whether due to fraud or error. The audit involves assessing risks, evaluating internal controls, and ensuring the financial statements are presented fairly. The auditor also evaluates the going concern basis of accounting and communicates significant findings to those charged with governance.
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