Is My MPP a Landlord?

Todd McCarthy

Progressive Conservative Party of Ontario

Durham

Todd McCarthy is a Home Owner.
Todd McCarthy is a Landlord.
Todd McCarthy is not known to hold significant investments.

Assets

Private Companies:

Todd J McCarthy Professional Corporation (Legal services) - 100% interest (active).

(Pursuant to section 13 of the Members� Integrity Act, 1994 the Integrity Commissioner has ruled that Minister McCarthy is not required to place Todd J McCarthy Professional Corporation and its holdings (Flaherty McCarthy LLP - 18% interest) in trust.)

The member will not practise law while serving in the Executive Council.

Investment properties:

Residential, Ajax, ON - 50% interest.

Residential, Tiny Township, ON - 100% interest.

Gifts and Benefits

Nil.

Income

Salary - Legislative Assembly of Ontario, Minister.

Salary, Dividends - Todd J McCarthy Professional Corporation.

Rental income.

Pension - CPP.

Liabilities

Mortgage - Canadian Imperial Bank of Commerce.

Mortgage - 2415293 Ontario Inc.

Private mortgages.

Lines of credit - Canadian Imperial Bank of Commerce.

Line of credit - Bank of Nova Scotia.

Line of credit - Royal Bank of Canada.

Offices

Nil.