Compliance Assessment Summary Report: Labrador Investments Ltd.

For Funding Agreement No. 1516-HQ-000008 and 1617-HQ-000002 between Labrador Investments Ltd and Crown-Indigenous Relations and Northern Affairs Canada.

January 7, 2021

Name: Labrador Investments Ltd.
Location: Nain, Labrador
Time period covered by audit: April 1, 2015 to March 31, 2017
Amount of CIRNAC funding claimed during the period: $281,127


Crown-Indigenous Relations and Northern Affairs Canada ("CIRNAC") selected Labrador Investment Ltd. (the "Recipient") for an independent assessment for the funding period April 1, 2015 to March 31, 2017. CIRNAC contracted Ernst & Young LLP to provide an independent report examining certain aspects of the Recipient’s management of the funding received under the program. Specifically, the engagement was planned to consider and provide observations and recommendations on:

Ernst & Young LLP, an independent firm, was commissioned to undertake the engagement which took place at the offices of the Recipient.


The following recommendations were provided to the Recipient for consideration:

Current status

The final report has been issued.

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