Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Financial Services Asset Management

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > Minimum wage increase

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Comment by Robsopinionon Nov 06, 2021 3:42pm

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Post# 34096185

RE:RE:RE:Minimum wage increase

You are very correct about Tip pools and sharing. Typically these can be between 3% and 7%, and this rate comes off of the servers sales total regardless of actual tip received.

I had university educated servers and bartenders in the past pulling in 150k per year and paying tax on 40k worth. That being said, they were amazing staff, who not only gave an amazing guest experience, but also brought in business. Lower the pay rates, lower the quality of service. If you want these staff making $22/hr taxed be ready for one step above tim Hortons service.

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