News & Events

July 26, 2017
Sweeping changes proposed to the taxation of small businesses and their shareholders

On July 18, 2017, the Ministry of Finance released a Consultation Paper and draft legislation to curtail certain private company tax planning structures that are widely used by closely-held corporations and their shareholders. The changes are aimed at (1) preventing income splitting amongst a family (through a trust, or ... Read More

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July 14, 2017
Canadian Residency Requirements for Directors: What it Means to be “Ordinarily Resident”

For corporations incorporated federally or in Ontario, at least 25 percent of the directors must be resident Canadians. Where a corporation has fewer than four directors, then at least one director must be a resident Canadian. The Canada Business Corporations Act (the “CBCA”) and Ontario Business Corporations Act (th... Read More

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July 14, 2017
Supreme Court of Canada Upholds Global Take-Down Order Against Google

In a decision that will have far-reaching impacts across the Internet and the world, the Supreme Court of Canada confirmed that Google had to takedown both Canadian and foreign website listings that linked to content infringing on intellectual property rights. Google Inc. v Equustek Solutions Inc., 2017 SCC 34, the 7-2 d... Read More

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May 11, 2017
Don’t sue the messenger? CASL’s private right of action coming July 1, 2017

By now most Canadian businesses have had at least some exposure to Canada’s Anti-Spam Legislation (CASL), which came into force in 2014. However, one key aspect of CASL that is still pending will soon expand the impact of the law on non-compliant organizations, potentially resulting in large damages awards. On July 1, ... Read More

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April 11, 2017
Can You Invest in a SAFE Through an RRSP or TFSA?

We have been fielding numerous questions lately about whether or not a SAFE can be a qualified investment for an RRSP or a TFSA. A SAFE (“simple agreement for future equity”) is a relatively new investment vehicle for parties wishing to invest in start-up companies.  Generally, a SAFE would typically have the follow... Read More

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