UPDATE – Tax Measures Targeting Privately Held Corporations

October 19th, 2017 by Sabina Mexis

On July 18, 2017, the Department of Finance released a set of proposals to amend the Income Tax Act (the “July 18 Proposals”). The position taken by the Department of Finance and the rhetoric surrounding the July 18 Proposals were that the proposed tax measures were designed to “improve the fairness of Canada’s tax system […]

 

Provisional Application of CETA

October 19th, 2017 by

For Canadian businesses that are growing insecure about the potential consequences resulting from the re-negotiation of NAFTA, CETA may be an opportunity to diversify ties to the international market. Any changes to NAFTA could have significant consequences to Canadian industries, as the United States is Canada’s largest trading partner. Trump’s America First/Buy American domestic policies […]

 

Bill to increase Minimum Wage hotly debated in Ontario …

October 18th, 2017 by

Bill 148, Fair Workplaces, Better Jobs Act, 2017, is in the midst of being debated by members of the Ontario Legislature. The Bill proposes changes to Ontario’s Employment Standards Act, which include an increase of the minimum wage to $14 per hour by January 1st, 2018 and again to $15 per hour by January 1st, […]

 

September Home Prices and The National Index

October 17th, 2017 by Michelle Greenwood

There has been a lot of discussion lately around the recent slow downs to the real estate markets in Toronto and surrounding areas. A number of factors can be said to be contributing to the changes in these previously hot markets, including a number of measures introduced by the Ontario government earlier in the year […]

 

Ontario Legislature moves to regulate Life Leases in bi …

October 16th, 2017 by

Bill 155, introduced in the Ontario Legislature on September 20, 2017, proposes a new law to regulate, so-called, ‘life leases’, a type of lease arrangement that lasts for no less than 50 years. Life leases are a form of leasing arrangement that has become increasingly popular in Ontario thanks to a rapidly growing seniors population. […]

 

Sears puts forward bid to save Company from Liquidation

October 13th, 2017 by

In an earlier blog, we wrote how Sears Canada had engaged federal bankruptcy and insolvency legislation in to buy time while its leadership formulated a plan to restructure the company. The plan has now arrived. Sears Canada executive chairman, Brandon Stranzl, has fielded a plan to save a small portion of the company. The plan, […]

 

NRA Calls for Federal Review of ‘Bump Stock’

October 12th, 2017 by

The National Rifle Association (NRA) in the United States is famously against any hint of new restrictions on gun laws, however, they have backed the Trump administration for a restriction on Americans’ guns, specifically they want to regulate the “bump stock” device that the Las Vegas shooter used during the worst shooting in modern American […]

 

New Bill to ban Ticket Bots and Limit Resale Ticket Prices

October 12th, 2017 by

Back in March we published a blog post discussing a proposal for the provincial government to regulate the secondary ticket market for sporting events, concerts, and other entertainment events. Now, the government is ready to introduce new legislation. The new legislation introduced Thursday will ban the use or sale of tickets using bots and put […]

 

Ontario Legislature seeks to Amend Insurance Act

October 11th, 2017 by

Bill 162, introduced in the Ontario Legislature on October 3, 2017, will amend section 115 of the Insurance Act to allow life insurance policyholders to sell their policy so long as they meet certain requirements under the Act. Previously, only licensed insurers or their authorized agents could sell life insurance policies. The proposed rules allow […]

 
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