Annex B: Assets, liabilities, and trusts

Reportable assets and liabilities

The following is a list of examples of assets and liabilities that must be reported if they do, or could, constitute a conflict of interest. This list is not exhaustive.

  1. Publicly traded securities of corporations and foreign governments, and self-administered Registered Retirement Savings Plans (RESPs), self-administered Registered Education Savings Plans (RESPs), tax free savings accounts, and Registered Disability Savings Plans (RDSPs), or similar tax-related saving vehicles, that are composed of these securities, where these securities are held directly and not through units in mutual funds or Exchange Traded Funds (ETFs)
  2. Interests in partnerships, proprietorships, joint ventures, private companies, and family businesses, in particular those that own or control shares of public companies or that do business with the government
  3. Interests in labour-sponsored venture capital corporations or similar entities
  4. Commercially operated farm businesses
  5. Real property that is not for the private use of employees or their family members
  6. Commodities, futures, and foreign currencies held or traded for speculative purposes
  7. Assets placed in trust or resulting from an estate of which the employee is a beneficiary
  8. Secured or unsecured loans granted to persons other than to members of the employee’s immediate family
  9. Any other assets or liabilities that could give rise to a real, apparent or potential conflict of interest due to the nature of the employee’s official duties or the non-public information to which they have access
  10. Direct and contingent liabilities in respect of any of the assets described in this section

Non-reportable assets

Assets and interests for the private use of employees and of their family members, as well as non-commercial assets, are not subject to the compliance measures.

For example, such assets include the following:

  1. Residences, recreational properties, and farms used or intended for use by employees or their families
  2. Household goods and personal effects
  3. Works of art, antiques, and collectibles
  4. Automobiles and other personal means of transportation
  5. Cash and deposits
  6. Canada Saving Bonds and other similar investments in securities of fixed value issued or guaranteed by any level of government in Canada or agencies of those governments
  7. Registered Retirement Savings Plans and Registered Education Savings Plans that are not self-administered
  8. Investments in open-ended mutual funds
  9. Guaranteed investment certificates and similar financial instruments
  10. Annuities and life insurance policies
  11. Pension rights
  12. Money owed by a previous employer, client, or partnership
  13. Personal loans receivable from members of employees’ immediate families and small personal loans receivable from other persons where employees have loaned the moneys receivable
  14. Any liability, such as a car loan, home renovation loan or credit card account, from a financial institution or business entity granted on terms available to the general public