McMaster University Report on Perquisites
May 1, 2024
The Ontario Broader Public Sector Perquisites (BPS) Directive issued in August 2011 required BPS organizations, including universities, to establish rules on perquisites where they are provided through public funds.
McMaster University complied with the Directive by establishing a policy to cause McMaster University to be in compliance with the BPS Directive.
As required by the BPS Directive and the Policy on Employment-Related Perks and Privileges, the following is a summary of perquisites for the period May 1, 2023 to April 30, 2024:
Summary
| Perquisite | Details |
|---|---|
| Loan | Loan issued in November 2022 with repayment to take place according to agreement terms. The interest applied is at market rates |