Opinion We have audited the consolidated financial statements of EfficiencyOne ("the Corporation"), which comprise the consolidated statement of financial position as at December 31, 2025, and the consolidated statements of operations, cha...
AI summary The audit opinion confirms that EfficiencyOne's consolidated financial statements as of December 31, 2025, and for the year ended, present fairly in accordance with Canadian accounting standards for not-for-profit organizations.
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 established in 2014, operates under the Public Utilities Act to provide demand-side management services to NS Power. It manages endowment funds for the Federation of Canadian Municipalities and Nova Scotia, with investment income attributed to contributors for tax purposes. The Corporation is tax-exempt under the Income Tax Act.