News & Events

September 27, 2017 announces $9 million Series A funding, a Toronto-based company that designs, builds and deploys applied AI systems, recently announced it has secured $9 million in Series A funding from Fidelity Investments Canada, part of Fidelity Investments. says the investment is a critical step in its multi-year plan to become the leader in t... Read More

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September 22, 2017
Manifold raises USD $15 million in Series A financing

Developer services platform Manifold has raised USD $15 million in a Series A financing led by OMERS Ventures, Boldstart Ventures, Version One Ventures, Amplify Partners and Leaders Fund. Manifold, headquartered in Halfiax and San Francisco, has created a seamless way to tap into the growing ecosystem of independent deve... Read More

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August 14, 2017
Who will be affected by the proposed changes to income tax law?

Recently, the federal government proposed changes to income tax laws that represent a reversal of 45 years of tax policy and planning and that disproportionately affect family-run and closely-held small businesses. (Read more about the changes in our earlier blog post here.) The new rules target private corporations beca... Read More

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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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