What's the meaning of co-op?
The International Co-Operative Alliance defines a cooperative, or co-op, as “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.” In other words, cooperatives are created by ...
Is co-op equity Taxable?
Similar to some financial investments, cashback or equity distributed to Co-op members is considered taxable income. Your local Co-op may issue a T4A form in advance of filing deadlines.
Is Coop a Canadian company?
Federated had expanded to Manitoba, Alberta, and British Columbia by 1970. Federated Co-operatives is owned by about 160 member co-operatives across the region.
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Federated Co-operatives.
| Type |
Cooperative federation |
| Net income |
$1.2 billion (2018) |
| Number of employees |
23,000 |
| Website |
www.fcl.crs |
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Who owns cooperative grocery stores?