Timmy's Comes Home

I love me my fast food, and that Canadian icon of fast food/donut shops is finally coming home.

That's right, Tim Hortons is finally becoming a Canadian company once again.

But you're thinking, "Mark! I've seen those highly patriotic commercials. I thought Tim Hortons was already Canadian!" Well, not for the past 15 years.

It was in 1995 when, as you may recall, Tim Hortons merged with Wendy's. Tim Hortons became a Wendy's subsidiary and thus, an American company.

It was in 2005 that Wendy's declared Tim Hortons to be getting so big that they were competing against themselves. So, Wendy's decided to sell off Tim Hortons. It was once again an independent company, still had its world headquarters in Oakville, Ontario. But, for all legal purposes, it was still an American company.

But now, they're filling out all the paperwork and doing all the legal stuff to make it legally a Canadian company. Why the reason for this switch? Because we have lower corporate tax rates than the USA, and the Tim Hortons shareholders like that.

Here's the story