Tim Hortons’ Canadian reorganization complete

New York City Tim Hortons has completed the reorganization of its corporate structure to become a Canadian public company.

The company started to take steps over the summer toward the reorganization.

In June, Tim Hortons made a regulatory filing with the U.S. Securities and Exchange Commission and said its proposed reorganization would include a combination with a newly formed subsidiary. The company would then become a wholly owned subsidiary of a business also named Tim Hortons under the Canada Business Corporations Act.

Tim Hortons said at the time that the reorganization would help to streamline its operational and administrative functions and help it expand in Canada and overseas.

The chain would also be able to take advantage of lower Canadian tax rates starting the year after the reorganization. Tim Hortons emphasized that it still planned to grow its U.S. business.