What Municipal Official Nominees Must Disclose
It is not necessary to disclose the value of your holdings or the amount of debt owed, but you must disclose:
- The name of each corporation in which you hold one or more shares, including shares held by a trustee on your behalf.
- The name of each creditor to whom you owe a debt, with the following exceptions: residential property debt (mortgage, lease or agreement for sale); money borrowed for household or personal living expenses; or any assets you hold in trust for another person.
- The name of each business or organization located or carrying on business within the regional district that includes the municipality, local trust area or school district for which you are elected or nominated (if a municipal official), or employed or appointed (if a municipal employee) and from which you receive financial remuneration. You must also identify your capacity as owner, part-owner, employee, trustee, partner or other (e.g. director of company or society).
- The legal description(s) and address(es) of all land located within the regional district that includes the municipality, local trust area or school district for which you are elected or nominated (if a municipal official), or employed or appointed (if a municipal employee) in which you, or a trustee acting on your behalf, own an interest or have an agreement, which entitles you to obtain an interest. Your personal residence does not need to be disclosed.
- The following information with regard to corporations where you individually, or together with your spouse, child, brother, sister, mother or father, own shares which total more than 30% of votes for electing directors:
- The name of each corporation and its subsidiaries.
- The type of business the corporation and its subsidiaries normally conduct.
- A description and address of land in which the corporation, its subsidiaries or a trustee acting for the corporation, own an interest or have an agreement entitling any of them to acquire an interest.
- A list of creditors of the corporation, including its subsidiaries (you need not include debts of less than $5,000 payable in less than 90 days).
- list of any other corporations in which the corporation, including its subsidiaries or trustees acting for them, holds one or more shares.
You must include shares held by a trustee on your behalf, but not shares you hold by way of security.