Grants and Contributions
About this information
In June 2016, as part of the Open Government Action Plan, the Treasury Board of Canada Secretariat (TBS) committed to increasing the transparency and usefulness of grants and contribution data and subsequently launched the Guidelines on the Reporting of Grants and Contributions Awards, effective April 1, 2018.
The rules and principles governing government grants and contributions are outlined in the Treasury Board Policy on Transfer Payments. Transfer payments are transfers of money, goods, services or assets made from an appropriation to individuals, organizations or other levels of government, without the federal government directly receiving goods or services in return, but which may require the recipient to provide a report or other information subsequent to receiving payment. These expenditures are reported in the Public Accounts of Canada. The major types of transfer payments are grants, contributions and \'other transfer payments\'.
Included in this category, but not to be reported under proactive disclosure of awards, are (1) transfers to other levels of government such as Equalization payments as well as Canada Health and Social Transfer payments. (2) Grants and contributions reallocated or otherwise redistributed by the recipient to third parties; and (3) information that would normally be withheld under the Access to Information Act and the Privacy Act.
$30,000.00
May 10, 2021
For-profit organization
Drastic Scholastics Thermoplastic
972074
Drastic Scholastic Thermoplastic (DST) is a waste management company that remanufactures plastic waste into consumer and industrial products via our semi-industrial shredder, decontamination, injection, and extrusion machines. DST differs from traditional recycling methods in that all plastic waste is kept local. DST executes a cradle-to-cradle strategy by providing a new raw material (decontaminated plastic pellets) that otherwise would go straight to landfill for other companies, plastic manufacturers, and extruders, creating a circular economy. DST differs from traditional recycling methods in that we vertically integrate plastic waste management at academic institutions, effectively diverting plastic waste from landfills and oceans.