Finance

Financial Statements for 2009

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The yearly Financial Statements for the L.M. Montgomery Land Trust Inc. for financial year 2009 are now available online.

These statements were prepared thanks to the continued generosity of the Summerside office of Grant Thornton.

Note that these 2009 Financial Statements will be considered at the Annual General Meeting on May 12, 2010 and have not yet been formally adopted.

Financial Statements for 2008

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The yearly Financial Statements for the L.M. Montgomery Land Trust Inc. for financial year 2008 are now available online.

These statements were prepared thanks to the continued generosity of the Summerside office of Grant Thornton.

Note that the 2009 Financial Statements will be presented at the Annual General Meeting on May 12, 2010.

Financial Statements for 2007

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The yearly Financial Statements for the L.M. Montgomery Land Trust Inc. are now available online for fiscal year 2007.

These statements were prepared thanks to the continued generosity of the Summerside office of Grant Thornton.

Financial Statements, 2004 to 2006

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The yearly Financial Statements for the L.M. Montgomery Land Trust Inc. are now available online for the fiscal years 2004, 2005 and 2006.

These statements were prepared thanks to the continued generosity of the Summerside office of Grant Thornton.

2005 Financial Summary

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Jim Strew prepared the attached summary of Income and Expenses for the 2005 calendar year, as of Dec. 14, 2005.

2004 Financial Statements

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Jim Strew provided the 2004 Financial Statements,prepared by Grant Thornton, at the Annual General Meeting. A copy is attached as a PDF file for your reference.

Financial Report, March 2005

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Jim Strew couldn't attend today's Board of Directors Meeting, but he forwarded the March 2005 Financial Report in advance.

Application of GST to Development Rights Purchase

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I heard back from James Carroll, Minister Dion's assistant, with regards to the application of GST on the purchase of Development Rights:

On the second [point], we will work to get a clear answer on the policy rational from Rev Can and share that with you ASAP. It does seem odd but, as I'm sure you know, the tax code is a brick and doesn't deal particularly well with exceptions to the rule.

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