--0000000000003c684c0603ae07cd Content-Type: multipart/alternative; boundary="0000000000003c684a0603ae07cc" --0000000000003c684a0603ae07cc Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Tim, Are you able to answer Laszlo questions? Sean On Thu, Aug 24, 2023 at 9:48=E2=80=AFAM Sean Cygan wrot= e: > Thank you Laszlo. > > We also need to obtain a Compliance Verification number. Will you be abl= e > to help with this? > > From the application > > [image: image.png] > > https://www.ontario.ca/page/check-your-tax-compliance-status#section-3 > > > *Steps to verifying your tax compliance* > > Follow these steps to verify that your business or entity is tax > compliant. Use our instructional video > to hel= p > you through these steps. > > > 1. Complete the E-Services > > Registration > - You will receive a web access code and a personal identification > number by email. > 2. Visit One-key > to > create an account or sign in using your existing credentials > 3. From My Services, select E-Services > 4. Enter the code and personal identification number (received in Step > 1) > 5. Select Tax Compliance Verification > 6. Select Request TCV Number > 7. Attach your FBC letter (if necessary) using the PDF available under= *Alternate > Format* > - Your FBC letter must be the most recent version and in the > original PDF format > - Scanned images, JPGs and expired letters are not accepted > - The PDF is available under Alternate format within your list of > correspondence items in your My Business Account > > . > 8. Select *View Summary* to review compliance information > 9. Download *TCV Certificate* (optional) > 10. Provide an email address to receive alerts about your business or > entity's compliance status and bookmark this page for future reference= . > > > > > > > On Thu, Aug 24, 2023 at 8:35=E2=80=AFAM Timothy Thomas wr= ote: > >> To confirm, its $25k CAD >> >> On Wed, Aug 23, 2023 at 5:52=E2=80=AFPM Laszlo Kovacs >> wrote: >> >>> Thanks Sean. Will get this submitted and circle back once in hand. >>> >>> >>> >>> *From:* Sean Cygan >>> *Sent:* Wednesday, August 23, 2023 4:25 PM >>> *To:* Laszlo Kovacs >>> *Cc:* Timothy Thomas >>> *Subject:* Re: Ontario - Temporary Help Agency and Recruiter licensing >>> Application >>> >>> >>> >>> Hi Laszlo, >>> >>> >>> >>> No worries. The following are the requirements. >>> >>> >>> Letter of credit requirements >>> >>> To be acceptable, the letter of credit must: >>> >>> - be made in favour of the Director of Employment Standards, >>> - be issued by a bank in Canada or credit union >>> - be electronic >>> - be in the amount of $25,000 >>> - be irrevocable so it cannot be recalled or repealed >>> - automatically renew when it expires >>> - permit =E2=80=9Cpartial drawings=E2=80=9D without any conditions, = meaning that the >>> Director of Employment Standards can, for reasons set out in the reg= ulation >>> and in accordance with the prescribed processes, demand and receive = a >>> payment less than the entire amount specified in the letter of credi= t >>> - have no other conditions >>> >>> We recommend you use our template for irrevocable letters of credit >>> to ensure your letter >>> of credit meets all requirements. >>> >>> >>> >>> On Wed, Aug 23, 2023 at 10:37=E2=80=AFAM Laszlo Kovacs >>> wrote: >>> >>> Hi Sean, >>> >>> >>> >>> Apologies for the delay on getting this to you. I had to do some more >>> digging and ensure a few folks were onboard as there is an impact to ou= r >>> lending covenants. I think we=E2=80=99re all set now to get this reques= t submitted, >>> but wanted to confirm with you that the amount is for $25K USD and the >>> entity that we are issuing the LOC to will be the Canadian Ministry of >>> Finance. Please advise and I=E2=80=99ll get this request submitted asap= . >>> >>> >>> >>> Thanks and sorry again for the delay. >>> >>> >>> >>> Best, >>> >>> >>> >>> *From:* Sean Cygan >>> *Sent:* Tuesday, August 22, 2023 2:12 PM >>> *To:* Timothy Thomas >>> *Cc:* Laszlo Kovacs ; Belle Chen >> bchen@thekey.com> >>> *Subject:* Re: Ontario - Temporary Help Agency and Recruiter licensing >>> Application >>> >>> >>> >>> Hi Laszlo, >>> >>> >>> >>> I was just following up on the letter of credit. Do you know when I >>> will receive it? >>> >>> >>> >>> Thank you >>> >>> >>> >>> On Tue, Aug 8, 2023 at 12:36=E2=80=AFPM Timothy Thomas = wrote: >>> >>> Great, thanks. >>> >>> >>> >>> On Tue, Aug 8, 2023 at 3:18=E2=80=AFPM Laszlo Kovacs >>> wrote: >>> >>> Gotcha. No, you can holdoff. If we aspire to ultimately migrate all our >>> business into the JPM bank accounts, then anything you=E2=80=99d setup = with the >>> legacy bank. Just trying to get all the facts so I can speak from an >>> informed perspective with Paul. I=E2=80=99ve already broached with our = account rep >>> at JPMC. Will circle back to you on this and apologies for the delay. >>> >>> >>> >>> *From:* Timothy Thomas >>> *Sent:* Tuesday, August 8, 2023 1:27 PM >>> *To:* Laszlo Kova