Disclosure Summary
As required under the Conflict of Interest Code for Members of the House of Commons
Statutory requirement(s):
23. (1) The Commissioner shall prepare a disclosure summary based on each Member’s statement filed under section 21 and submit it to the member for review.23.
(2) Each summary is to be placed on file at the office of the Commissioner and made available for public inspection during normal business hours, and posted on the website of the Commissioner. Each summary shall also be available to the public, on request, by fax or mail.
24. (1) The summary shall :
(a)
subject to subsection (3), set out the source and nature, but not the value, of the income, assets and liabilities referred to in the Member’s statement filed under section 20;(b)
identify any contracts or subcontracts referred to in paragraph 21(1)(c) and describe their subject-matter and nature;(c)
list the names of any affiliated corporations referred to in that statement; (d)
include a copy of any statements of disclosure filed by the Member under subsections 14(3), 15(1) and 21(3); (e)
list the positions and corporations, trade or professional associations and trade unions disclosed under paragraph 21(1)(e); and (f)
list any trusts disclosed under paragraph 21(1)(b.1).
Ted Falk
· Member of Parliament
No Longer Applicable
- Declaration type
- Disclosure Summaries (Code)
- Disclosure date
- January 30, 2018
- Regime
- Conflict of Interest Code for Members of the House of Commons
- Description
-
AssetsInvestment account, joint with spouse, with Credential Securities composed of publicly traded securities;
Investment account with TD Direct Investing composed of publicly traded securities;
Joint ownership with spouse of three vacant lots, which are rented, located in La Broquerie, Hanover and Ste. Anne, Manitoba;
Shareholder loan to Diamond Ready Mix Concrete Ltd.TrustsI am a potential beneficiary of the TJFalk Family Trust, which has holdings in a private corporation. The trust was not established for political reasons and I am ordered by the Conflict of Interest and Ethics Commissioner, as required by paragraph 41.3(1)(b) of the Parliament of Canada Act, not to derive any income from it, including the disbursement of assets, for the purpose of financing a nomination contest, a leadership contest or an electoral campaign.Other Sources of IncomeLast 12 months:
Employment income from Diamond Ready Mix Concrete Ltd.;
Business income from Diamond Ready Mix Concrete Ltd.;
Interest from shareholder loan to Diamond Ready Mix Concrete Ltd.;Next 12 months:
Business income from Diamond Ready Mix Concrete Ltd.;
Interest income from shareholder loan to Diamond Ready Mix Concrete Ltd.;LiabilitiesLine of credit, joint with spouse, with Steinbach Credit Union Ltd;
Guarantor for an executor of an estate.Investment in Private CorporationsControlling interest in Diamond Ready Mix Concrete Ltd., a construction company which owns real property;
Significant interest in White Shepherd Holdings Ltd., a holding company which owns land, jointly owned with spouse and another individual;
Nominal interest in Gamma Investments Inc., an investment company;
Sole proprietor of 5868891 Manitoba Inc., an investment company.ActivitiesPresident, Diamond Ready Mix Concrete Ltd.;
President, White Shepherd Holdings Ltd.;
President, Gamma Investments Ltd.;
Director, President and Secretary of 5868891 Manitoba Ltd.Spouse's/Common-Law Partner's assetsShareholder loan to Diamond Ready Mix Concrete Ltd.Spouse's/Common-Law Partner's source(s) of incomeNext 12 months:
Employment income from White Stone Construction Ltd.;
Interest from shareholder loan to Diamond Ready Mix Concrete Ltd.Last 12 months:
Employment income from White Stone Construction Ltd.;
Interest from shareholder loan to Diamond Ready Mix Concrete Ltd.Spouse's/Common-Law Partner's investment in private corporationsControlling interest in White Stone Construction Ltd., an aggregate processing company;Spouse's/Common-Law Partner's activitiesPresident, White Stone Construction Ltd.;
Secretary and Treasurer, White Shepherd Holdings Ltd.