General
I’ve moved, how do I update my contact information?
The purpose is different—A Co-op provides benefits to its members. Other businesses maximize returns for shareholders.
The control structure is different—all members own one share and get one vote. Other businesses can be owned by a few people, or people with different percentages of ownership who make decisions on everyone else’s behalf.
The profit distribution is different—Earnings are distributed to members based on their purchases in a given year, as well as their equity balance. Other businesses distribute their earnings according to the number of shares someone holds, or their role in the company.
- Earn Equity and Cash Back on Most Purchases. We share our profits with our members.
- Get discounted rates and tickets with our local partners.
- Get great savings with Me-wards weekly offers.
- Vote in the Director Election, run for the Board of Directors, and attend our Annual Meeting.
- By shopping with us, you’re keeping money in Alberta while supporting local growers and producers.
- Your purchase supports your community via the Co-op Community Foundation, which supports local charities and initiatives
ANNUAL REFUND
That's from your Member Refund from last year. That means your refund was in excess of $100. Hooray! The total on your T4A won’t match the cheque you received last year, though, since it includes the cash and share equity you earned.
We’re required to report all refunds over $100, and to withhold and remit 15% of anything above that amount to the fine folks at the Canada Revenue Agency. But good news—your refund isn’t necessarily taxable! Refunds from consumer goods (groceries, household items, gas for private car use, etc.) are not subject to tax. You are entitled to claim any withheld tax as outlined on your T4A as a credit when you file your personal taxes. Just write “Consumer Goods Only” on the face of your T4A.
If you forget how to report this information on your filing, worry not! We’ve included information on the back of your T4A for easy reference.