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Corporate Finance
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The Public Sector Salary Disclosure Act, 1996, requires that municipalities, as organizations that receive public funding from the Province of Ontario, disclose annually the names, positions, salaries, and total taxable benefits of employees paid $100,000 or more in a calendar year. All employers subject to the Act are required to submit their disclosure records to their funding ministries by the fifth business day of March each year. The Town of Collingwood has met this requirement.