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).
Sean Casey
· Member of Parliament
No Longer Applicable
- Declaration type
- Disclosure Summaries (Code)
- Disclosure date
- December 15, 2011
- Regime
- Conflict of Interest Code for Members of the House of Commons
- Description
-
Assets- One third ownership with two other people of an investment property located in Guysborough County, Nova Scotia;
- A promisory note owed to me by an individual;
- RRSP account with Wellington West Capital Inc., composed of publicly traded securities.Trusts- I am a potential (actual) beneficiary of the Sean J. Casey Family Trust which owns interests in private corporations.Spouse's/Common-Law Partner's liabilities- Mortgage with TD Canada Trust;
- Loan with TD Canada Trust.Spouse's/Common-Law Partner's investment in private corporations- Sole owernership interest in K.C. Holdings Inc. an inactive holding company;
- Nominal interest in Intelivote Systems Inc. in the business of electronic voting technology development;
- 25% ownership interest in Four Seas Inc., which owns an investment property in Cavendish, PEI;
- 20% ownerhsip interest in Grafton Street Properties Inc, which owns an investment property located in Charlottetown, PEI.Other Sources of IncomeIn the last 12 months:
- Partnership income from the law firm of Stewart McKelvey;
- Income from the sale of shares in 4145151 Canada Inc. and Legal Management Inc.Other Sources of IncomeIn the last 12 months:
- Partnership income from the law firm of Stewart McKelvey;
- Income from the sale of shares in 4145151 Canada Inc. and Legal Management Inc.Liabilities- Guarantor for a mortgage owed by spouse in favour of TD Bank;
- Guarantor for a loan for Grafton Street Properties Inc. with the Royal Bank;
- 3 lines of credit, joint with spouse, with TD Canada Trust;
- Loan with TD Canada Trust.Investment in Private Corporations- Nominal interest of the preferred shares of 4145151 Canada Inc.;
- Nominal interest in South Shore Villa Inc. which owns a nursing and community care business;
- Sole ownership interest in Sean J. Casey Professional Corporation for the practice of law;
- Sole ownership interest in 101217 PEI Inc., a professional holding company;
- Nominal ownership of Green Imaging Technologies Inc. which is in the business of developing MRI technology for the petroleum industry;
- Nominal ownership interest of Skillz Systems Inc., which is in the business of teaching young hockey players stick handling.
Spouse's/Common-Law Partner's activities- Director of the following private corporations: Four Seas Inc., K.C. Holdings Ltd.Affiliated corporations- 4145151 Canada Inc. owns Padinox Inc.;
- 101217 PEI Inc. owns 50% of SJC Professional Services Corporation and 19% of 7214944 Canada Inc, which owns an investment property in Charlottetown, PEI.;
- 501359 N.B. Limited owns 25% of 7084277 Canada Inc. which owns a subway franchise in Moncton, New Brunswick;
- Sean J. Casey Professional Corporation owns 50% of SJC Professional Services Corporation.Activities- Director of the following private corporations: 101217 PEI Inc., PEI Marathon Inc., South Shore Villa Inc., 4145151 Canada Inc., SJC Professional Services Corporation, Sean J. Casey Professional Corporation and Grafton Street Properties Inc.Spouse's/Common-Law Partner's assets- Spousal RRSP account wiht Wellington West Capital Inc. composed of publicly traded securities.Spouse's/Common-Law Partner's source(s) of incomeIn the last 12 months:
- Income as an MLA and Speaker's salary from the Province of Prince Edward Island.
In the next 12 months:
- Income as an MLA for the Province of Prince Edward Island.