Category: Corporate & Commercial

Page: 6 of 8Page 6 de 8<<<...45678

2016 Federal Budget – Selected Tax Measures

March 23, 2016

On March 22, 2016, the Minister of Finance tabled Canada’s 2016 Federal Budget (the 2016 Budget). This was the first budget presented by the newly-elected Liberal government, which won a strong majority in the fall 2015 federal election after nearly a decade with the Conservative party in power. The Liberals were elected on a platform that included promises to provide tax…

Quebec 2016-2017 Budget: Continued Fiscal Discipline

March 18, 2016

On March 17, 2016, the Quebec government (Government) unveiled the 2016-2017 budget (Budget). The Government confirmed that it balanced the books for 2015–16 and anticipates maintaining a balanced budget for 2016–17. The balanced budget comes without raising any income taxes, sales taxes or fees. The balanced budget is, however, based on certain important assumptions, including an economic growth of 1.5…

Alert: Proposed Ontario Amendment Eliminating the 30-per-cent Rule for Pension Fund Investments

March 16, 2016

The Ontario government has announced a consultation until April 29, 2016, relating to a proposed regulation change under the Pension Benefits Act (Ontario) that would permit a pension plan administrator to invest pension plan assets in more than 30 per cent of a corporation’s voting shares. The announcement suggests that a threshold may be established where corporate disclosure or undertakings…

Quebec’s Energy, Mining Sectors Searching for Clarity on Social Acceptability

March 7, 2016

On February 16, 2016, Quebec’s Energy and Natural Resource Minister Pierre Arcand tabled a green paper (referred to in French as the “Livre Vert”) at the National Assembly, outlining five guidelines regarding social acceptability as it relates to the use of public lands and the development of natural resource projects in Quebec (Green Paper). This Green Paper is the latest…

First Step to Re-engagement: Canada Rolls Back Iranian Sanctions

February 8, 2016

In an abrupt reversal of the trend of increasing sanctions against Iran, which Canada has followed since 2011, the Government of Canada announced on February 5, 2016, that it would be implementing significantly less stringent restrictions against trade with, and investment in, Iran. The announced amendments to the regulations that impose Canadian sanctions against Iran under the Special Economic Measures…

Canada Positioned to Impose C$1-Billion in Retaliatory Surtaxes on Imports

December 8, 2015

Under international trade rules, as of December 7, 2015, Canada has the right to impose just over C$1-billion per year in surtaxes on goods imported from the U.S. This is due to a decision by a World Trade Organization (WTO) arbitrator who ruled that Canada may impose additional border taxes on any goods of its choosing in retaliation for the…

Just Like Any Good Recipe, Alberta’s Climate Leadership Plan Has a Little Bit of Everything

November 24, 2015

On Sunday, November 22, 2015, just days before the United Nations conference on climate change in Paris, Alberta released its Climate Leadership Plan (Plan) together with the Climate Leadership Report (Report) upon which it is based. The Plan represents a dramatic and fundamental shift in Alberta’s approach to climate change and greenhouse gas (GHG) issues. Highlights include: Early phase-out of…

British Columbia Modernizes Franchise Law

November 23, 2015

On November 17, 2015, Bill 38, the British Columbia Franchises Act (B.C. Act), received royal assent. The B.C. Act provides a substantially similar regime to franchise legislation in other Canadian jurisdictions; as such, although this is a significant change in the regulation of franchises in B.C., we anticipate only a minor impact on franchises operating in multiple provinces, including British…

U.K.’s Revised Law on Liquidated Damages Clauses Could Mean Similar Changes for Commercial Contracts in Canada

November 12, 2015

Last week, the U.K. Supreme Court (UKSC) changed the law on liquidated damages clauses (LDCs), giving parties greater freedom to decide on damages for contractual breaches. The case may cause Canadian courts to revise the law in a similar manner and provide parties with greater flexibility for predetermining damages in commercial contracts — a change which many parties would welcome….

Broad Changes to Ontario Corporate Law Recommended

August 4, 2015

  A panel of legal practitioners and academics appointed by Ontario’s Ministry of Government and Consumer Services (Panel) has recommended potential updates and revisions to a number of corporate and commercial Ontario statutes in a June 2015 report entitled Business Law Agenda (Report).   The Report considers 19 different corporate and commercial Ontario statutes, including the Business Corporations Act (Ontario)…

Page: 6 of 8Page 6 de 8<<<...45678