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Is My MLA a Landlord?

Steve Kooner

Conservative Party of British Columbia

Richmond-Queensborough

  • Steve Kooner is not known to be a Landlord.
  • Steve Kooner holds significant investments.

Assets

Residential Property - Burnaby, BC

Bank and Other Deposits

Offices and Directorships - Strata Plan EPS 4253 - Strata Council Member

Other Investments held Inside a Registered Plan

TD - RRSP - Cash; shares: Rivian Automotive Inc; Wallbox N.V.

VanCity - RRSP - Cash; Term Deposit

RBC - TFSA - Cash

Controlled Private Corporations

Steve Kooner Law Corporation - Lawyer and law firm

Ownership - Member owns 100% and is President, Secretary and Director

Ironoak Holdings Ltd - Property holding company

Ownership - Member owns 100% and is President and Director

Nuffsoft Systems Inc - Software development company (non - operating)

Ownership – Member owns 70% and is President, Secretary and Director

Liabilities

Mortgage - on residential property in Burnaby, BC - Vancity Credit Union

Guarantee - given to TD Bank on behalf of Ironoak Holdings Ltd

CONTROLLED PRIVATE CORPORATIONS

Steve Kooner Law Corporation

Affiliated Corporations - Ironoak Holdings Ltd

Sources of Income

From the Province of British Columbia - Nil

From All Other Sources

Basra Law Group - share of billing for legal files

Various clients - fees for legal work

GIC - Investment income

Assets - Bank and other deposits; GICs or debentures, office furniture

Liabilities

Line of Credit - TD Canada Trust

Guarantees - given to Ironoak Holdings Ltd - TD Bank

Ironoak Holdings Ltd

Affiliated Corporations - Steve Kooner Law Corporation

Sources of Income

From the Province of British Columbia -Nil

From All Other Sources

Steve Kooner Law Corporation - lease rental income

Assets - Bank and other deposits

Real Property Interest - Commercial strata unit - Surrey, BC - sole ownership

Liabilities

Mortgage - on commercial strata unit - Surrey, BC - TD Bank

Loan - from Steve Kooner Law Corporation

-3- KOONER 2025

Nuffsoft Systems Inc (non - operating)

Sources of Income

From the Province of British Columbia - Nil

From All Other Sources - Nil

Assets - Nil

Liabilities - Nil

Source(s) of Income

From the Province of British Columbia

MLA salary and allowances

From all Other Sources

Steve Kooner Law Corporation - salary, dividends