Bill C-86: What it Means for Your CBCA Corporation

May 9th, 2019

Bill C-86 institutes a long list of amendments to several Federal statutes, including the Canada Business Corporations Act (“CBCA”), and officially comes into force on June 13th, 2019.  What does this mean for your corporation? Prior to these amendments, the CBCA required  only federally-registered corporations to maintain a general securities register under s. 50(1).  As […]

 

Erase Every ‘Shall’?

April 30th, 2019

In many English speaking jurisdictions, the term “shall” is deemed to be somewhat ambiguous for the simple reason that it appears to make reference to discretion rather than obligation. In an attempt to look at its meaning precisely, consider Canadian corporate legislation as set out in the Canada Business Corporations Act which states, “A corporation […]

 

Exxon Mobil Violated Russian Sanctions when now U.S. Se …

July 24th, 2017

By: Michelle Cook, Summer Law Student On Thursday of last week, the Treasury Department fined Exxon Mobil a meagre $2 million for violating sanctions that the U.S. had imposed on Russia. However, the political cost of this violation is much higher for U.S. Secretary of State Rex Tillerson and Donald Trump’s presidency. These violations occurred […]

 

Reducing Taxes & Helping The Economy – Flow …

November 9th, 2016

Flow-through financing refers to the issuing of flow through shares by Canadian resources companies where tax deductions from resource explorations “flow-through” to the company’s investors. The Canadian Revenue Agency explains how the flow-through share programs works here. To develop a mine, companies often have to spend substantial sums of money before they are in any […]

 

Offering Memorandum Exemption Promotes Greater Access t …

February 17th, 2016

By Ivan Merrow Entrepreneurs, start-ups, and business owners in Ontario have found it easier to raise capital as of January 13, 2016, thanks to securities law amendments to National Instrument 45-106 Prospectus Exemptions. The amendments make it easier to raise capital by exempting Ontario issuers from the requirement to distribute a prospectus as long as […]

 

Uber and the legal status of ride-sharing in Toronto

December 9th, 2015

By Michelle Stephenson Uber, a California-based application which offers ride-booking applications for smartphones has been in the courts and at the centre of legal debates recently in Toronto and around the world. Using GPS, the Uber app matches a user to a nearby driver and charges the user’s credit card. Cash never changes hands, and […]

 

Things to Consider when Selling your Business

August 31st, 2015

You’ve decided to sell your business. That may well have been a difficult decision. You will need to make a number of other decisions leading up to the sale. Make informed decisions based on solid professional advice. Consider the following preliminary matters when deciding to sell you business: 1. What are you selling? If your […]

 

SCC Recognizes Duty of Good Faith in Contractual Obliga …

April 28th, 2015

The recent supreme court decision of Bhasin v. Hrynew has established an underlying duty of good faith and fair dealing in common law contractual obligations. Although it does not directly relate to Canadian franchising, the implications of the decision are far-reaching. As outlined in its landmark ruling, the Supreme Court of Canada (“SCC“) decided that […]

 

Quebec Company fined $1.1 million under Canada’s Anti …

March 12th, 2015

Canada’s Anti-Spam Legislation (CASL) went into effect on July 1, 2014.  CASL regulates the distribution of commercial electronic messages, and with some limited exceptions, requires consent before sending commercial electronic communications, including emails, newsletter, publications, and even text messages. While there was a big push in the Canadian business community to become CASL compliant prior […]

 
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