Workplace Safety & Prevention Services
Notes to Financial Statements
March 31, 2020
(4)
3 Investments
Short-term investments comprise the following:
2020
$
2019
$
Market-linked guaranteed investment certificates - 5,000,000
Guaranteed investment certificates maturing between
April 20, 2020 and March 6, 2021 yielding between
1.30% and 3.40% 23,664,053 32,615,856
23,664,053 37,615,856
Long-term investments comprise guaranteed investment certificates total ling $14,178,439 (2019 – $5,484,624)
maturing between May 3, 2021 and January 16, 2024.
4 Investment in CHSI
CHSI is a not-for-profit organization, incorporated under the laws of the Province of Ontario on September 8,
2004, whose purpose is to create a focal point for innovation and applied learning in the prevention of
workplace injuries and illnesses and to act as a key resource for employers, employees and others seeking
expertise and direction on how to make workplaces safer. CHSI is exempt from income taxes under
Section 149(1)(I) of the Income Tax Act (Canada).
The most recent audited financial statements of CHSI are for the fiscal year January 1 to December 31, 2019,
audited by another firm of accountants with a report date of April 9, 2020. The information below reflects the
financial results in the audited financial statements as well as the internal financial information for the period
from January 1, 2020 to March 31, 2020, as reported by CHSI's management.
27 | WSPS.CA/AnnualReport
