JANE GROENEWEGEN
101 31 CAPITAL DRIVE
HAY RIVER. NWT

XOE 

NOVEMBER 2016

HON. JACKSON LAFFERTY

SPEAKER OF THE LEGISLATIVE ASSEMBLY
CHAIR OF THE BOARD OF MANAGEMENT
BOX l320

YELLOWKNIFE, NT

X1 A 2L9

RE: Transition Allowance for Retirement Flaming
Dear Speaker 

Please consider this my request for approval for expenditures related to tax and retirement planning. I
have received a quote from Tod Ashton at Ashton Chartered Accountants for $15,000.

I believe the maximum amount I would be entitled to would be $12,000 or $1,000 for each year of
service to a maximum of 12 years.

I was elected when I was 39 years old and it was my honour and privilege to spend the next 20 years as
a member of the Legislative Assembly. My 20 years of service took me to the age of 59. which
coincides with having to turn my droughts to a personal retirement plan.

I propose that the amount of the allowance could be reimbursed upon receipt of the paid invoice from
Ashtons. We will await approval of the allowance prior to giving Ashtons the go ahead with the work to
be performed.

Thank you for your consideration of this request.

 

Suite 8 – 6 Courtoreille Street
Hay River, NT X0E 1G2
PH: (867) 874-6775
FX: (867) 874-3775
Email: tashton@ashtonca.com

November 14, 2016
Rick and Jane Groenewegan
Greenway Group of Companies
101-31 Capital Drive
Hay River, NT X0E 1G2
Re: Request for Quote – Estate Planning and Corporate Reorganization
Dear Rick and Jane:
We are pleased to provide you with the above referenced services which will include, but are certainly
not limited to, the following:




Restructure of the Greenway corporate group to achieve estate and retirement planning
objectives for Rick and Jane Groenewegan, specifically, to allow corporate distribution to them
as shareholders in the most tax efficient manner.
Plan for personal and corporate reorganization to meet the following objectives:
a. Debt consolidation between personal and corporate group
b. Simplify the financial reporting system
c. Plan for loss consolidation between corporations
d. Organize all rental properties under single corporate umbrella
e. Tax efficient corporate distribution to shareholders

The above services contemplate an extensive review of the current corporate structure and will likely
require numerous tax deferred transfer agreements and filing of tax elections. It will also require
extensive legal services for the preparation of said agreements.
The portion of the fees related to estate and retirement planning with regards to corporate
consolidation and distribution to shareholders, together with the filing of any required tax elections and
returns, is estimated to total $15,000 and will be invoiced based on the time requirements related to the
services rendered, for which we will provide periodic updates as we progress through the job.
Tax planning for estate planning / corporate reorganization
Filing tax elections and corporate tax returns for
amalgamated corporations
Total estimated fees

$ 12,000.00
3,000.00
$ 15,000.00

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 If you would like to proceed with this project, we would require a 50% deposit to commence with our
planning. We would be pleased to assist yourselves and the Greenway group of companies in meeting
your estate planning objectives. Please call me if you have any questions.
Yours truly,
ASHTON
Chartered Accountants
Business Advisors

Tod Ashton, CA
Partner
T:\Corporate Clients\Greenway Realty Ltd\Correspondence\2016\Jane Groenewegan - quote for estate and retirement
planning.docx

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