Carriers and Transportation and Grain Handling Undertakings Information Regulations (SOR/96-334)

4. An air carrier referred to in column I of an item of Schedule I must provide to the Minister the information that is required by the form set out in column II of the item in respect of the reporting period set out in column III of that item by no later than the day set out in column IV of that item.

• 5. (1) An air carrier referred to in subsection (2) must provide to the Minister financial information, including

  • (a) a summary of the air carrier’s land, buildings, ground equipment and flight equipment accounts, that sets out, in respect of an annual reporting period,

    • (i) gross investments at the beginning and at the end of the calendar year,

    • (ii) additions to and retirement of assets, and

    • (iii) accumulated depreciation at the beginning and at the end of the calendar year; and

  • (b) a statement of changes in the financial position of the carrier that sets out, in respect of a quarterly reporting period, increases and decreases in

    • (i) working capital,

    • (ii) operating activities, in particular, net income, items not affecting cash, net change in non-cash working capital and cash provided by operating activities,

    • (iii) financing activities, in particular, long-term debt, subordinated debt, dividends paid and cash provided by financing activities; and

    • (iv) investing activities, in particular, fixed assets and cash required by investing activities.

• (2) Subsection (1) applies in respect of

  • (a) level I air carriers; and

  • (b) level II air carriers to level VI air carriers where

    • (i) a level I air carrier has an ownership interest in or control of the air carrier, or

    • (ii) a company that has an ownership interest in or control of the air carrier also has an ownership interest in or control of a Level I air carrier.

• 6. (1) A level IV air carrier must provide to the Minister, in respect of each annual reporting period, operational information for unit toll service and for charter service, including the total number of hours flown by fixed-wing aircraft, the total number of hours flown by rotary-wing aircraft, the number of passengers enplaned and the weight of goods enplaned.

• (2) A level V air carrier must provide to the Minister, in respect of an annual reporting period, operational and financial information for unit toll service for charter service, including the total number of hours flown and total revenue earned.

• (3) A level VI air carrier must provide to the Minister, in respect of an annual reporting period, operational and financial information for charter service, including the total number of hours flown and total revenue earned.

7. An air carrier must provide the information referred to in

• (a) paragraph 5(1)(a), by no later than 90 days after the last day of the reporting period, where the air carrier is referred to in subsection 5(2);

• (b) paragraph 5(1)(b), by no later than 60 days after the last day of the reporting period, where the air carrier is referred to in subsection 5(2);

• (c) subsection 6(1), by no later than 90 days after the last day of the reporting period, where the air carrier is a level IV air carrier;

• (d) subsection 6(2), by no later than 90 days after the last day of the reporting period, where the air carrier is a level V air carrier; and

• (e) subsection 6(3), by no later than 90 days after the last day of the reporting period, where the air carrier is a level VI air carrier.