o-Trust

Onihcikiskowapowin Business Trust (AKA: ‘O-Trust’)

The Onihcikiskowapowin Business Trust is the financial vehicle that was
created to support the present economic development opportunities and long
term sustainability of the Saddle Lake Cree Nation No. 125. (SLCN).

Here you can find previous reports that will update you on the history of the Trust, definitions of Key Terms, financial reports, etc. Please take the time to review any information you may have missed as you can download a copy of any of the previous reports. And if you have any questions, you can contact Leith Cardinal, Trust Manager at 780-991-7510.

Click the links below to read the goals and the purpose of the Onihcikiskowapowin Business Trust.

The Goals

The goal of this Trust is to maximize the resources and the opportunities available to SLCN and its members through sound investments.

To foster development of economic capabilities for the community through community owned enterprises and ventures, with profit as its primary goal.

To increase the wealth of SLCN and provide opportunities for employment, training, and business experience to Members and create an income for SLCN on a medium to long term basis.

The Purpose

The purpose of this Trust is to use the Trust Property for the benefit of SLCN and for the benefit of present and future
generations of the members of SLCN.To foster development of economic capabilities for the community through community owned enterprises and ventures, with profit as its primary goal.

To provide opportunities for employment, training, and business experience to Members and create an income for SLCN on a medium to long term basis.

To ensure that the Trust Property is invested prudently.

To assist SLCN in becoming self sufficient by developing responsible policies and guidelines for the investment of the wealth of the SLCN for the long term.

To be accountable to the members of the SLCN and ensure that the activities of the Trust are transparent to the members.
The Purpose (continued)
To preserve the capital of the Trust Property in order to generate income in accordance with the terms of the Trust Deed and to enhance the capital value of the Trust Property.

To assist SLCN and the members of SLCN to take responsibility for the socio-economic issues in the community and to resolve them based on traditional values of the SLCN.

To ensure sustainability of the Trust so that it can provide perpetual assistance to the Members of SLCN.

To insure that the wealth generated from the Trust Property benefits equitably and fairly the Members of SLCN.

To assist SLCN to improve the quality of life for all Members of SLCN by providing payment of income to SLCN in accordance with the Terms of the Trust Deed.

PLEASE CLICK BELOW TO DOWNLOAD THE REPORTS IN PDF FORMAT:

Introductory Report

July 2010 Report

March 2011 Report

 

THE FOLLOWING ARE ALSO BAND OWNED BUSINESS’:

  • Peyasew Management
  • Bison Auto
  • Saddle Lake Central Plumbing Ltd
  • Saddle Lake Oil & Gas Company
  • Spiritel Incorporated
  • Cabinet Making
  • 544520 Alberta Ltd
  • Keyano Pimee Explorations
  • O Trust