Silly people. Amortization is part of 'operating expenses'. That pretty much means that the depreciation on the bridge all comes off before Canada calculates what it pays to the States. It pretty much covers the interest on the debt, and a good chunk of the debt itself. So the debt payments are disguised as 'amortization'. Usually, depreciation is added back through an entry in cash flow. which goes to the Canadian government.

Whoever says that 'bridge debt' is not included in the side agreement just does not understand accounting. Of course, Trump does not understand it, either.

[–] ProudCanadianCitizen@lemmy.ca 1 points 10 hours ago

However, the text of the agreement in principle states that Canada will make payments to the U.S. totalling 50 per cent of “net bridge and crossing related revenues” for 15 years, and doesn’t clearly define what counts as operating costs or make mention of Canada’s debt.

https://globalnews.ca/news/11978035/carney-premiers-us-tariff-threat/

[–] CanIFishHere@lemmy.ca 1 points 20 hours ago (2 children)

That's all very textbook, but in this case you are wrong. Canada will pay the interest and debt repayment with their part of net profit. Read the terms.

[–] BCsven@lemmy.ca 1 points 8 hours ago (1 children)

Not how this reads in section 1 https://gordiehoweinternationalbridge.com/proposed-agreement-in-principle/

Economic Participation: Canada will provide annual economic participation payments, outside the 2012 Canada–Michigan Crossing Agreement equal to fifty percent (50%) of net bridge and crossing related revenues for the first fifteen (15) fiscal years of bridge operations.

Net bridge and crossing related revenues is all revenues collected with respect to the bridge, less all incurred operating costs of the bridge.

Such payments shall be made to a United States-Canada Economic Development Fund, established and solely controlled by the Government of the United States.

[–] CanIFishHere@lemmy.ca 1 points 7 hours ago

That was the original (fair) deal that Trump killed.

[–] ProudCanadianCitizen@lemmy.ca 1 points 11 hours ago (1 children)

Again, such silliness. Carney is a banker. He knows how to word contracts. All revenue collected comes to Canada, then Canada sends a check. Canada sets the terms of the 'refund' check.

[–] CanIFishHere@lemmy.ca 1 points 7 hours ago

So naive. Get informed. Carney folded.