E-1Financial Statements - Redacted
6 passages
Capital assets Capital assets are initially recorded at cost. Amortization is provided for using the following rates and method over their estimated useful lives: Furniture and fixtures 3 years Straight-line Leasehold improvements Term of...
AI summary Capital assets are recorded at initial cost with amortization applied using straight-line methods over estimated useful lives. Furniture/fixtures: 3 years; leasehold improvements: term of lease. No specific entities or legislation cited in this accounting policy excerpt.
7. CAPITAL ASSETS Co st Ac cu Am lat d mu e iza tio ort n Ne t 2 02 4 Ne t 2 02 3 d fix Fu rni tu tu re an res $ 53 5 $ 35 7 $ 17 8 $ 35 7 ho ld Lea im nts se pro ve me 1, 34 4 33 5 1, 00 9 1, 17 6 $ 1, 87 9 $ 69 2 $ 1, 18 7 $ 1, 53 3 8. B...
AI summary This section discusses capital assets and their related financial details, including costs, accumulated amortization, and net values for different categories in 2023 and 2024. It also mentions bank indebtedness in a subsequent section.
pooled funds are held by an investment manager and are measured at market value. All market-based investments are made in accordance with HCi3's investment policy. 2024 2023 GIC, due April 7, 2025, 5.26% per annum $ 60,000 $ 60,000 GIC, du...
AI summary The text details financial investments managed under HCi3's policy, including Guaranteed Investment Certificates (GICs) and various pooled funds like Fiera ASFI and ACM Commercial Mortgage Fund. It lists specific investments with maturity dates, interest rates, and values for 2023 and 2024.
General Index of Financial Information Notes to the financial statements projects to mitigate climate impacts. Loans receivable are funded by endowments from FCM and the Province of Nova Scotia. During the year, HCi3 issued a loan receivab...
AI summary The document outlines financial details including a loan receivable issued by HCi3, capital assets, bank indebtedness, deferred revenue, contingencies, and commitments. It highlights financing arrangements for BNI customers and estimated program commitments. Key financial figures and liabilities are discussed.
Capital Cost Allowance (CCA) Corporation's name Business no Tax year-end Note 1: The identification number is the social insurance number, business number, or partnership account number of the EPOP. Note 2: Multiply 1.5 million by the perc...
AI summary The text provides a table related to the Capital Cost Allowance (CCA) with instructions on how to calculate it, including notes on identifying numbers and percentage allocations. It outlines the structure of the table, including columns for corporation names, business numbers, tax year-ends, and percentage assignments.
- D is the partnership's income or loss for the period. Part 1 – Capital (continued) Subtotal A Deduct the following amounts: Deferred tax debit balance at the end of the year Any deficit deducted in calculating its shareholders' equity (i...
AI summary The text outlines the calculation of a partnership's income or loss for the period and details the components involved in determining capital for the year, including deferred tax balances, unrealized foreign exchange losses, and investment allowances related to various corporate assets and liabilities.