Corporations Canada Gets Serious – NFP Corporations face administrative...
Corporations Canada is launching a program in July 2023 to start administrative dissolutions of not-for-profit (NFP) corporations that have not filed their annual return (AR) for 3 years. Since this...
View ArticleAmendments to Ontario’s Not-for-Profit Corporations Act Effective October 1,...
Not-for-Profit Corporations Act, 2010 (the “Act”) and Bill 91, Less Red Tape, Stronger Economy Act, 2023 (the “Bill”) The Act was proclaimed into force on October 19, 2021, and generally applies to...
View ArticleWhat Business Owners Need to Know about Estate Planning
Estate planning for business owners can ensure a smooth transfer of assets, and the preservation of wealth, for future generations. For business owners in Ontario, proper estate planning can not only...
View ArticleA Guide to Federal and Provincial Annual Return Requirements for Canadian...
In Canada, corporations play a vital role in the economy, contributing to job creation and economic growth. To ensure transparency, accountability, and regulatory compliance, both federal and...
View ArticleWhose Privileged Email Is It Anyway?
When drafting purchase and sale agreements in the merger and acquisition (M&A) context, vendors and purchasers alike should consider including provisions that address the ownership of the vendor’s...
View ArticleAmendments to Ontario’s Income Tax Act: Do I Need to Disclose?
On June 22, 2023, expanded mandatory disclosure rules contained in sections 237.3 and 237.4 of the Income Tax Act took effect via the Budget Implementation Act, 2023. The amendments widen the range of...
View ArticleExpanding a Charity in Canada: Head Bodies and Internal Divisions
A Canadian charity that intends to expand its operations in Canada can choose to structure itself as a head body with subordinate internal divisions operating under its governing documents. The Canada...
View ArticleBreaking News for Charities Administering Internal Trusts
The Canadian Revenue Agency (“CRA”) announced on Friday, November 10, 2023 that the new trust reporting requirements set to start after January 1, 2024, will not apply to internal trusts held by...
View ArticlePreparing To Sell a Business
Selling a business is a significant endeavor that requires careful planning and preparation. Before a business can be sold, there are critical preliminary tasks that lay the foundation for a...
View ArticleIncreased Transparency for Federal Registers of Individuals With Significant...
Most federal corporations governed under the Canada Business Corporations Act (the “CBCA”) are required to prepare and maintain registers of individuals with significant control (“ISC Registers”)....
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