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 incorporated under the Canada Not-for-profit Corporations Act, holds exclusive rights under the Public Utilities Act to provide demand-side management to Nova Scotia Power Inc. It manages endowment funds in trust for the Federation of Canadian Municipalities and Nova Scotia, with investment income attributable to contributors, resulting in no income tax provisions.
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 incorporated under the Canada Not-for-profit Corporations Act, holds exclusive rights to provide demand-side management (DSM) to NS Power under the Public Utilities Act. Tax-exempt under the Income Tax Act, it manages funds for DSM, Provincial, and Other Business operations, with HCi3 as a subsidiary. Revenue is accounted for via fund-specific restrictions, and investment income is allocated per external restrictions.
1. NATURE OF OPERATIONS Halifax Climate Investment, Innovation and Impact Fund ("the Organization") was incorporated on October 21, 2020 under the Canada Not-for-profit Corporations Act. The Organization is controlled by EfficiencyOne by i...
AI summary The Halifax Climate Investment, Innovation and Impact Fund (HCi3), incorporated in 2020 under the Canada Not-for-profit Corporations Act, is controlled by EfficiencyOne and operates as a not-for-profit under the Income Tax Act. It manages endowment funds for the Federation of Canadian Municipalities (FCM) and Nova Scotia, with investment income attributed to contributors for tax purposes.