Audited Financial Statements

The Mount Pleasant Group has been serving GTA communities for almost 200 years. 

In fact, we’re older than the city of Toronto. 

Everything we do is guided by our fundamental objective to fulfil our perpetual care obligations and continue to serve the GTA long into the future. The foundation of our success will be driven by a strong financial performance.

As a not-for-profit organization, all revenue earned in excess of expenses are retained within the organization. These funds are used to secure new lands to meet the needs of the Greater Toronto Area’s rapidly-growing population; to develop new facilities and enhance existing ones; to promote sustainability and accessibility in our current and future facilities; and to create products and services that meet the changing needs of families throughout the GTA. Below are some highlights from our latest fiscal year:

For those of you who are unfamiliar with our industry, the concepts of a Perpetual Care Trust Fund and a Prepaid Trust Fund may be new, but they are critical to our operations and to everyone in our industry across Canada. The Perpetual Care Trust Fund generates income to pay for the maintenance of our cemeteries. It is legislated by the Province of Ontario and the principal cannot be touched, only the annual income. Under law, 40% of the selling price of the interment rights for every grave is set aside in the Fund.

Similarly, 20% of the crypt interment rights and 15% of niche interment rights are also directed to the Fund. The annual income from the Fund must be used for specific maintenance to ensure the general upkeep and appearance of the cemetery property.

The Prepaid Trust Fund is administered along similar lines. All revenues from people purchasing cemetery and funeral services in advance of need are held in a trust fund until that product or service is delivered.

Current and Past Consolidated Financial Statements