News & Events

January 17, 2018
Wattpad raises $61.25 million in financing round led by Tencent Holdings

Storytelling platform Wattpad has reaised USD $51 million ($CAD $61.25 million) in new funding from investors including Tencent Holdings Limited, a leading provider of Internet value added services in China, BDC, Globe Telecom’s Kickstart Ventures, Peterson Group, Canso, and existing investor Raine. Wattpad says the ne... Read More

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January 8, 2018
Lifetime capital gains exemption increased as of January 1, 2018

Effective January 1, 2018, the lifetime capital gains exemption will increase to $848,252. As a result, every Canadian resident individual who disposes of qualifying small business corporation shares in 2018 can shelter up to $848,252 in capital gains on those shares from tax. A full list of all indexation increases ca... Read More

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January 4, 2018
Buddybuild acquired by Apple’s Xcode engineering group

Vancouver-based Buddybuild, creator of app development tools, has been acquired by Apple’s Xcode engineering group. “We're excited to share that the buddybuild team has joined the Xcode engineering group at Apple to build amazing developer tools for the entire iOS community,” said a blog post from Buddybuild. ... Read More

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December 14, 2017
Revised Tax Legislation Released December 13, 2017

Just in time for an effective date of January 1, 2018, the Department of Finance released revised legislation on December 13, 2017 to address "income sprinkling". This was one of the four areas targeted in the July 2017 release of sweeping tax changes that garnered so much public attention. We have previously written about ... Read More

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December 1, 2017
Changes to the Employment Standards Act, 2000 (“ESA”)

On June 1, 2017, the Ontario government introduced Bill 148, the Fair Workplaces, Better Jobs Act, 2017 (“Bill 148”). The Bill will come into force on January 1, 2018 (with few exceptions noted below) and will introduce a range of changes to the ESA. The purpose of this memo is to highlight some of these changes. Employ... Read More

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