News & Events

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

View article
March 29, 2017
Recent De Facto Control Decisions

Canadian tax laws favour Canadian controlled private corporations (CCPCs) by granting them exclusive access to refundable scientific research and experimental development (“SR&ED”) tax credits and lower tax rates on business income.  In order for a corporation to be a CCPC, it must not be controlled in fact or in l... Read More

View article
March 23, 2017
2017 Federal Budget

The 2017 Federal Budget was tabled on March 22, and although it contained a few changes to tax legislation, it is more noteworthy for what was missing. First, we will provide a brief summary of the changes proposed in the budget: Introducing legislation which expands the definition of “factual control” A recen... Read More

View article
February 15, 2017
Notice – Last chance for not-for-profits to transition

Notice from Corporations Canada - All corporations created under the Canada Corporations Act, Part II need to have completed their transition to the Canada Not-for-profit Corporations Act and received their certificate of continuance by July 31, 2017. If the transition is not completed by that date, the corporation – i... Read More

View article
December 16, 2016
Issuing shares? Better make sure they are paid for.

Pursuant to the corporate law in Ontario, British Columbia and Canada (and potentially other jurisdictions), a share in the capital of a corporation cannot be issued until the shares are fully paid for, and the consideration paid for the issuance of a share cannot be a debt owing to the company by the subscriber, and in the... Read More

View article