Were you a member of Tofino Co-op in 2023 and earlier?

Come down to our Food Store (140 First Street) between Tuesday, October 15th and Thursday, October 17th to collect your Co-op statement and possibly an equity cheque from one of our Board of Directors!

*Reminder* Only the account holder may collect the equity cheque. 

The Board of Directors allocated a 5% return of members’ yearly purchases for the fiscal year spanning February 2023 – February 2024. Members will receive some of this in cash and the rest will be deposited into an equity savings account that grows over time.

How is your cheque amount determined?
• If member equity is between $10 and $500, pay 25% of allocation in cash and 75% in equity.
• If member equity is between $501 and $750, pay 50% of allocation in cash, and 50% in equity.
• If member equity is between $751 and $999, pay 75% of allocation in cash, and 25% in equity.
• If member equity is $1000 or more, pay 100% of allocation in cash.

Equity for the eligibility period is 5% of purchases. This amount grows until it reaches a maximum of $1000 sometimes taking years to reach that amount. 

You're able to withdrawal this amount of money if you move out of the business region, or you hit the age of 65. 

If you would like to learn more about equity please click here

The eligibility period for purchases is from February 2023 - February 2024, so any purchases made thereafter will be included in next year’s equity allocations.

Friendly reminder:

Please remember to update your mailing address if you’ve recently moved, at our Admin Office, so that we can mail you your cheque in case you can't make it in person and your T4A statement.