(thousands of Canadian dollars)

2021

2020

Ten year term, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 20), effective interest rate of 10.41%, maturing March 2029.

$

4,898

$

4,889

Ten year term, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of USD $75.0 million, effective interest rate of 5.38%, maturing May 2031.

90,374

-

$

95,272

$

4,889