Business Register (BR)

Asset of municipality, category

Asset refers to entities functioning as stores of value and over which ownership rights are enforced by institutional units, individually or collectively, and from which economic benefits may be derived by their owners by holding them, or using them, over a period of time. The economic benefits consist of primary income derived from the use of the asset, and the value, including possible holding gains or losses, that could be realised by disposing of the asset or terminating it.

Municipality refers to an area that is a municipality or an area that is deemed to be equivalent to a municipality for statistical reporting purposes (e.g., as an Indian reserve or an unorganized territory). Municipal status is defined by laws in effect in each province and territory in Canada.

The data for this variable are reported using the following classifications and/or lists:

• Public transit asset
• Year of completed construction or purchase