content_image/256096.jpg content_image/256097.jpg content_image/256098.jpg
## 12. Pension Liability 

The Company obtains an actuarial valuation from an independent actuary subsequent to each year-end or if circumstances change. The most recent evaluation was dated January 17, 2014 and was utilized in measuring the December 31, 2013 balances. 

<img src='content_image/256096.jpg'>

Key Assumptions: 

<img src='content_image/256097.jpg'>

The anticipated retirement age of the plan members is 61 to 65 years (2012 – 61 to 65 years). The mortality index is based on the 1994 Uninsured Pensioners Mortality Table projected generationally. 

The Company’s pension expense is recorded in selling and administrative and interest expense and is comprised of the following: 

<img src='content_image/256098.jpg'>

## 13. Share Capital 

Authorized : 

• An unlimited number of Series Preferred shares, issuable in series, designated as First Preferred Shares, no par value 

• An unlimited number of Series Preferred shares, issuable in series, designated as Second Preferred Shares, no par value 

• An unlimited number of Class A Non-Voting shares, no par value 

• An unlimited number of Class B Common shares, no par value 

