BLA-0000002955 - ARYA HEALTHY LIVING INC. - MLITSD THA Licence Application - Request for Additional Information

From
Katia Dragan <katia.dragan@ontario.ca>
To
"compliance@thekey.com" <compliance@thekey.com>, "tt@thekey.com" <tt@thekey.com>
Date
2025-10-30 12:46:20
Folder
INBOX
------=_Part_1784_610342502.1761828378858 Content-Type: multipart/alternative; boundary="----=_Part_1783_587745720.1761828378858" ------=_Part_1783_587745720.1761828378858 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit 10/30/2025 ARYA HEALTHY LIVING INC. unit 104-375 University Avenue East Waterloo, ON N2K 3M7 Canada By Email compliance@thekey.com; tt@thekey.com Re: Application ID BLA-0000002955, ARYA HEALTHY LIVING INC. This is in regards to the above-noted application under the Employment Standards Act, 2000 for a licence to operate as a temporary help agency. We require the following additional information: Irrevocable Letter of Credit I have reviewed the security provided in connection with your application. The ILOC requires an amendment. The first paragraph of your ILOC states: WE, JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, ATTN: STANDBY LETTER OF CREDIT UNIT, SUITE 4500, TD BANK TOWER, 66 WELLINGTON STREET WEST, TORONTO, ONTARIO M5K 1 E7, CANADA (EITHER "WE" OR THE "BANK") HEREBY ISSUE TO AND IN YOUR FAVOUR OUR IRREVOCABLE STANDBY LETTER OF CREDIT FOR THE ACCOUNT HCA HOME CARE ASSISTANCE CANADA INC., 1100 - 1055 WEST GEORGIA STREET, VANCOUVER, BRITISH COLUMBIA, V6E 3P3 FOR AND ON BEHALF OF ARYA HEALTHY LIVING INC. 375 UNIVERSITY AVENUE EAST, UNIT 104, WATERLOO, ONTARIO, N2K 3M7 (THE "CUSTOMER") FOR AN AMOUNT NOT TO EXCEED CAD 25,000.00 (CANADIAN TWENTY-FIVE THOUSAND AND 00/100 DOLLARS) IN LAWFUL MONEY OF CANADA. Per the ministry template, the first paragraph must be replaced with the following: WE, JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, ATTN: STANDBY LETTER OF CREDIT UNIT, SUITE 4500, TD BANK TOWER, 66 WELLINGTON STREET WEST, TORONTO, ONTARIO M5K 1 E7, CANADA (EITHER "WE" OR THE "BANK") HEREBY ISSUE TO AND IN YOUR FAVOUR OUR IRREVOCABLE STANDBY LETTER OF CREDIT FOR THE ACCOUNT OF ARYA HEALTHY LIVING INC. 375 UNIVERSITY AVENUE EAST, UNIT 104, WATERLOO, ONTARIO, N2K 3M7 (THE "CUSTOMER") FOR AN AMOUNT NOT TO EXCEED CAD 25,000.00 (CANADIAN TWENTY-FIVE THOUSAND AND 00/100 DOLLARS) IN LAWFUL MONEY OF CANADA. In other words, the security must be issued to the account of the applicant business. We cannot accept a security issued to the account of another business on behalf of the applicant. Kindly ask the bank to issue an amendment to resolve this issue. If this is not possible, you may wish to look into a new ILOC, or a surety bond, in order to meet the security requirement. Tax Compliance Verification (TCV) I have completed a TCV check using the Ministry of Finance's (MoF) online portal. The TCV check we conducted for 23-019689-TCV has returned a result of: Non-compliant. In my previous experience, this generally occurs because the applicant has not entered the TCV portal to upload an up-to-date Filling and Balance Confirmation (FBC) letter from the CRA showing that the legal entity is up to date on filing their returns and do not have any balances owed. However, the Ministry of Finance and the CRA are the ultimat

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