Earlier this week while researching a story about Mayor Kennedy Stewart's sources of income, I decided to look at his financial disclosure statement.
Much to my surprise, he disclosed having no assets, no liabilities, and no corporate assets. Not even an RRSP.
This was the case even though his family income is now in the $280,000 per year range.
Stewart also stated that he has no real property, which wasn't unexpected. After all, the mayor has been very public about being a renter—and he's not the first tenant to become mayor.
In 2005, the NPA's Sam Sullivan was a tenant when he was elected mayor, narrowly defeating another tenant, Jim Green.
Out of curiosity, this morning I decided to scan the financial disclosure statements of the members of Vancouver city council.
This is what I found:
Jean Swanson (COPE): Under assets, she stated that she is a Vancity credit union member. She listed no liabilities, outside income, real property, or corporate assets.
Pete Fry (Green): Under income, Fry declared that he's the owner of Pete Digiboy Creative and Strategic Communications.
Michael Wiebe (Green): He revealed owning shares in the Portside Pub, McDonald's Restaurants Ltd., and Tripod Investment Group Ltd. The latter owns the Eight 1/2 Restaurant Lounge in Mount Pleasant, of which he's the owner-operator.
Adriane Carr (Green): Like Stewart, she listed no assets, no liabilities, no real property, and no corporate assets.
Rebecca Bligh (NPA): She declared $125,000 in income from Blackpiin, which is an executive- and individual-coaching business. Under liabilities, she listed an HSBC Mastercard, a Vancity Visa card, a Vancity line of credit, and a Scotiabank car loan.
Melissa De Genova (NPA): She disclosed owning 100 percent of the shares in a private company called Eventure Holdings Ltd., which provides "production, marketing, consulting services".
Lisa Dominato (NPA): She has shares in 18 entities: AbbVie Inc., Boardwalk Real Estate Investment Trust Units, CI Financial Corp., CI Signature Global Dividend Fund, Crescent Point Energy, Enbridge, FortisBC, General Motors, Potash Corp. of Saskatchewan, Riocan Real Estate Investment Trust Units, Telus, Toronto-Dominion Bank, Renaissance Optimal Income Fund, Manulife Strategic Income Fund, Finning International, Nutrium, Proctor and Gamble, and General Mills. Dominato collects income from Big Think Communications Inc.
Colleen Hardwick (NPA): Under assets, she listed PlaceSpeak Inc., New City Pictures Inc., and Colleen Nystedt Productions Inc. PlaceSpeak Inc. is a platform to promote public consultation, with subsidiaries in the U.S., U.K., and Australia. Her creditors include the law firm of Fasken Martineau and the Business Development Bank of Canada. Hardwick also listed an RBC Visa card as a creditor.
Sarah Kirby-Yung (NPA): Like Stewart, she declared no assets, no liabilities, no real property, and no corporate assets.
Christine Boyle (OneCity): She disclosed owning half a duplex under "real property". Under the law, councillors are not required to reveal their personal residences, which is why others didn't do that.