Workplace Safety & Prevention Services
Notes to Financial Statements
March 31, 2017
Defined contribution pension plan
The Corporation's contributions to a multi-employer, defined contribution pension plan are expensed when contributions
are due.
Investment in Centre for Health & Safety Innovation (CHSI)
The Corporation is a founding member of CHSI, a not-for-profit organization that provides shared premises for the
Corporation and one other Ontario health and safety organization. Under its membership agreement, the Corporation is
determined to be a party to a joint venture with one other party. The Corporation paid a fee equivalent to 74.36% of the
start-up and operating costs of CHSI. The Corporation has chosen to use the equity basis to account for its proportionate
share of the annual operating results of CHSI (note 4).
Use of estimates
The preparation of financial statements in accordance with the basis of accounting as described in note 2 requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of
the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results
could differ from management's best estimates as additional information becomes available in the future.
3 INVESTMENTS
Short-term investments comprise the following:
March 31,
2017
$
December 31,
2015
$
Market-linked guaranteed investment certificates
— 200,000
Guaranteed investment certificates maturing between
= April 10, 2017 and January 26, 2018 yielding between 1.00% and 1.85%
30,289,323 34,669,327
30,289,323 34,869,327
Long-term investments comprise market-linked guaranteed investment certificates maturing between July 17, 2018
and January 13, 2020 and a guaranteed investment certificate maturing on August 27, 2018 yielding 1.45%.
302016 | 2017 Annual Report Workplace Safety & Prevention Services
