Stephen Fuhr

Summary Statement disclosed May 4, 2026

Summary Statement

• Obligation to provide a confidential report has been met and all initial reporting and compliance measures have been taken to comply with the Conflict of Interest Act.
• Divestment of:
• - Publicly Traded Securities by the establishment of blind trust(s)
• - Publicly Traded Securities by sale

Public Declaration of Liabilities ($10,000 or more) disclosed May 4, 2026

Liabilities

• Line of credit with CIBC

Disclosure Summary disclosed May 4, 2026

Trusts

• Blind trust established under the Conflict of Interest Act and administered at arm's length

Liabilities

• Line of credit with CIBC

Investment in Private Corporations

• Controlling interest in DEFPOTEC Holdings Ltd., a holding company located in Kelowna, British Columbia

Spouse's/Common-Law Partner's liabilities

• Mortgage, joint with another individual, with CIBC
• Credit card with CIBC
• Line of credit with CIBC

Spouse's/Common-Law Partner's investment in private corporations

• Controlling interest in BLK Works Inc., a fitness instruction corporation located in Burnaby, British Columbia

Spouse's/Common-Law Partner's activities

• Director of DEFPOTEC Holdings Ltd.
• Director and Officer of BLK Works Inc.

Public Declaration of Assets disclosed May 4, 2026

Assets

• Controlling interest in DEFPOTEC Holdings Ltd., a holding company located in Kelowna, British Columbia

Public Declaration of Agreed Compliance Measures (Section 29) disclosed Dec 1, 2025

Agreed Compliance Measures

• Conflict of interest screens are preventive compliance measures, agreed upon pursuant to section 29 of the Conflict of Interest Act (Act) by public office holders and the Conflict of Interest and Ethics Commissioner, to assist them in avoiding conflicts of interest. Screens also seek to minimize the possibility of conflicts arising between the public duties of the public office holder and their private interests or those of their relatives and friends.
• The Conflict of Interest and Ethics Commissioner and I have agreed that a conflict of interest screen is an appropriate compliance measure for me, aimed at preventing any opportunity to further my private interests or to improperly further those of the Canadian Imperial Bank of Commerce (CIBC), or its subsidiaries, affiliates and associates, while I exercise my official powers, duties and functions as a public office holder.
• Accordingly, I have agreed to recuse myself from any discussion, decision, debate or vote in relation to CIBC. I understand that recusal means I must remove myself from the room, physically or virtually as the case may be. I also agree not to have any communication with government officials in relation to any matter or decision-making processes which I or the screen administrators know or reasonably should know to affect CIBC’s interests.
• This screen is co-administered by the Deputy Minister of Public Services and Procurement, the Chief Executive Officer of the Defence Investment Agency and my Chief of Staff to ensure that I am neither made aware of nor participate in any official matters or decision-making processes involving CIBC, unless the interest relates to a decision or matter that is of general application. I will participate in decisions or matters of general application and those that may affect CIBC’s interests as a member of a broad class unless those interests are disproportionate to the other members of the class.
• Moreover, all powers, duties and functions on matters that form part of this screen will be exercised by the Minister of Government Transformation, Public Works and Procurement.
• The Prime Minister, the Minister of National Defence, the Minister of Industry, the Minister of Finance and National Revenue, the Clerk of the Privy Council and Secretary to the Cabinet, my Parliamentary Secretary, members of my ministerial staff, other necessary ministerial staff and necessary public servants have been informed in writing about this conflict of interest screen.
• I have undertaken to inform the Conflict of Interest and Ethics Commissioner at the earliest opportunity of all changes of which I become aware that relate to or should form part of the above list of matters caught by this screen.
• In the event that I am made aware of a matter forming part of this screen or any such matter comes before me, I am required under section 21 of the Act to recuse myself from that matter, by leaving the room or the virtual meeting where the discussion and decision making is taking place. I must so inform the Conflict of Interest and Ethics Commissioner and, where appropriate, make a public declaration of recusal pursuant to subsection 25(1) of the Act.