Category: Industries

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Up in the Air: Health Canada Considers Further Restrictions for Vaping Product Advertising

February 20, 2019

Health Canada recently proposed measures to reduce the impact of vaping product advertising on youth and non-users of tobacco products. If implemented, these proposals would significantly change vaping promotional restrictions under the federal Tobacco and Vaping Products Act (TVPA). THE LANDSCAPE: VAPING IN CANADA Until recently, the sale of vaping products containing nicotine was effectively illegal in Canada. This changed…

FINTRAC: All Amped Up

February 11, 2019

On February 8, 2019 the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), in an initiative to increase the transparency of its compliance regime, released new guidance materials to assist regulated entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) in their compliance efforts. While FINTRAC provides that the new materials are not intended to…

Canadian Mergers and Acquisitions: FAQs and 2019 Trends

February 6, 2019

The Blakes Canadian Mergers and Acquisitions: FAQs and 2019 Trends answers frequently asked questions regarding the regulation of public M&A in Canada and provides an outlook for what 2019 may hold based on significant developments we observed in the Canadian deal environment.

Annual Review of Federal Financial Institution Legislation

February 1, 2019

In 2018, financial institutions in Canada witnessed yet another year of significant expansion in legislation and regulatory guidance impacting their operations. Key developments in 2018 included the conclusion of the statutory review of federal financial sector legislation, the introduction of a new federal consumer protection framework, a new wave of proposed amendments to the anti-money laundering legislation, finalization of the…

Supreme Court of Canada Overturns Alberta Court of Appeal in Redwater Decision

January 31, 2019

On January 31, 2019, the Supreme Court of Canada (SCC) released its decision in Orphan Well Association, et. al. v. Grant Thornton Limited, et. al. – a case commonly known as Redwater. The majority overturned the Alberta Court of Appeal’s decision and found that certain sections of the Oil and Gas Conservation Act (OCGA) and Pipeline Act (PA) do not conflict with the scheme of…

Saskatchewan PST Exemption Reinstated for Equipment Used in the Oil and Gas Industry

January 28, 2019

The Saskatchewan Ministry of Finance has reinstated a previously repealed provincial sales tax (PST) exemption on permanently mounted equipment (PME) used in the oil and gas industry. As a retroactive change, PST that had been paid on now-exempt equipment can be claimed back as refunds (as tax paid in error).   BACKGROUND Historically, Order in Council 1436/67 (dated August 16,…

Quebec Public Procurement Authority: Powers and Duties Take Effect

January 25, 2019

On January 25, 2019, certain provisions governing the Autorité des marchés publics (AMP) come into effect, a welcome and anticipated change for many public bodies and private enterprises. The AMP is a neutral and independent public procurement supervisory and regulatory authority in Quebec and the first authority of its kind in Canada. It was created by An Act to facilitate…

OSC Seeks Public Input on Reducing Regulatory Burdens for Market Participants

January 22, 2019

The Ontario Securities Commission (OSC) recently announced plans to engage in a structured public consultation process as the next step in its efforts to reduce the regulatory burden for market participants. The public consultation, outlined in OSC Staff Notice 11-784: Burden Reduction, will include an opportunity for interested stakeholders to submit comments on key areas of securities regulation and participate…

New Guidance from FINTRAC: Expanding Suspicious Transaction Requirements

January 21, 2019

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) recently updated its industry guidance in respect of suspicious transaction reporting (Guidance) and released: Transaction reporting requirements Reporting suspicious transactions to FINTRAC What is a suspicious transaction report? While the Guidance is helpful in that it sets out FINTRAC’s expectations surrounding the filing of suspicious transaction reports (STRs), because FINTRAC…

Canada Seeks Input on Open Banking Framework

January 15, 2019

The Department of Finance is requesting input from the public and other stakeholders on a consultation paper entitled A Review into the Merits of Open Banking (Consultation Paper). The Consultation Paper seeks to affirm support for developing an open banking framework in Canada that will enable consumers and businesses to authorize third-party financial service providers to access their financial transaction…

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