Disclosure Summary

As required under the Conflict of Interest Code for Members of the House of Commons

Statutory requirement(s):

23. (1) The Commissioner shall prepare a disclosure summary based on each Member’s statement filed under section 21 and submit it to the member for review.23.

(2) Each summary is to be placed on file at the office of the Commissioner and made available for public inspection during normal business hours, and posted on the website of the Commissioner. Each summary shall also be available to the public, on request, by fax or mail.

24. (1) The summary shall :

(a)

subject to subsection (3), set out the source and nature, but not the value, of the income, assets and liabilities referred to in the Member’s statement filed under section 20;

(b)

identify any contracts or subcontracts referred to in paragraph 21(1)(c) and describe their subject-matter and nature;

(c)

list the names of any affiliated corporations referred to in that statement;

(d)

include a copy of any statements of disclosure filed by the Member under subsections 14(3), 15(1) and 21(3);

(e)

list the positions and corporations, trade or professional associations and trade unions disclosed under paragraph 21(1)(e); and

(f)

list any trusts disclosed under paragraph 21(1)(b.1).

Lori Idlout · Member of Parliament

No Longer Applicable

Declaration type: Disclosure Summaries (Code)
Disclosure date: 2022-05-18
Regime: Conflict of Interest Code for Members of the House of Commons

Description: Assets
Sole ownership of two rental properties on Nirukittuq Nuna Crescent, Iqaluit, Nunavut
Other Sources of Income
Last 12 months:
Rental income
Business income from Qusagaq Law Office
Contract income from Nvision

Next 12 months:
Rental income
Liabilities
Mortgage with RBC
Personal loan from Atuqtuarvik Corporation
Credit card with RBC
Share purchase agreement with a third party
Line of credit with RBC
Investment in Private Corporations
Sole ownership of Carvings Nunavut Inc, a retail art gallery
Sole ownership of Nunavut Holdings Inc, a construction and renovations company
Significant interest in Nvision, a digital marketing company
Activities
Director, Carvings Nunavut Inc
Director, Nunavut Holdings Inc
Spouse's/Common-Law Partner's assets
Sole ownership of rental property located at Qaqqaliaq street, Iqaluit, Nunavut

Shares of:
- Tetra Bio-Pharma Inc
- Nighthawk Gold Corp
Spouse's/Common-Law Partner's source(s) of income
Last and next 12 months:
Rental income
Business income from Al's B&B Inc
Employment income from Nunavut Holdings Inc
Employment income from 507279 N.W.T. Ltd
Spouse's/Common-Law Partner's liabilities
Two mortgages with CIBC
Personal loan from RBC
Spouse's/Common-Law Partner's investment in private corporations
Sole ownership of Al's B&B Inc, a bed and breakfast
Sole ownership of East 2 West Industrial Inc, an inactive construction company
Spouse's/Common-Law Partner's activities
Director, Al's B&B Inc
Director, East 2 West Industrial Inc

Disclosed on 2022-05-18