First Reference company logo

Inside Internal Controls

News and discussion on implementing risk management

machine cogs image

Government Budget, Throne Speech and Plans

Proposed changes to anti-corruption rules for federal government procurement and real estate leasing

The federal government’s rules around the integrity of the procurement process also apply to real estate, in particular, the possibility that leases with the federal crown as tenant can be terminated for breach of anti-corruption provisions.

 

, , , ,

Duties on transfers of immovables in Quebec and partnerships

On February 26, 2019, the Quebec Department of Finance introduced Bill 13, An Act to amend the Taxation Act, the Québec Sales Tax Act and other legislative provisions. This Bill finally provided the draft legislation for the changes announced in Information Bulletin 2017-14, dated December 20, 2017, in respect of the Act respecting duties on transfers of immovables.

 

,

“Social impact bonds” on the rise in Canada

Social Impact Bonds (SIBs) are an interesting part of the larger trend of ‘impact investing’ that has been rising in Canada and around the world in recent years.

 

, , , ,

Canadian Federal Budget 2019 and its impact on non-profits and charities

Finance Minister Morneau delivered the 2019 Federal Budget on March 19, 2019. Here is our article.

 

, ,

Remediation agreements and other recent developments in white collar crime

Remediation agreements, a new tool for corporate accused, will continue to be in the spotlight as we all learn when prosecutors will be prepared to allow the use of remediation agreements and how their use will be received by the voting public.

 

, , , , , , ,

New 2019 Competition Act and Investment Canada Act merger review thresholds

Certain types of transactions that exceed prescribed thresholds require pre-merger notification under Canada’s Competition Act. Such transactions cannot be completed until notice has been given to the Commissioner of Competition and the statutory waiting period has expired or, alternatively, has been terminated early or waived by the Commissioner. One of these thresholds, the transaction-size threshold, is subject to an annual index adjustment.

 

, , ,

Ontario reveals the details about its performance standards for large industrial emitters

cap trade auction

On February 12th 2019, Ontario announced its proposed plan to reduce greenhouse gas (“GHG”) emissions, the Industrial Emissions Performance Standards Program.

 

, , , , , ,

OSC seeks to reduce regulatory burden in step with Ontario Red Tape Initiative

The Ontario Securities Commission announced on January 14, 2019, that its Burden Reduction Task Force, in coordination with the Ministry of Finance, has undertaken to lessen regulatory burdens and enhance competitiveness for Ontario businesses.

 

, , ,

Fintech regulatory developments: 2018 year in review

2018 proved to be another busy year for Fintech in Canada, with a number of notable and anticipated regulatory developments. We look back to summarize some of 2018’s most notable Fintech-related developments in Canada, and developments to watch for in 2019.

 

, , , ,

Ontario’s environment plan: Preserving and protecting our environment for future generations

On November 29, 2018, the Ontario government released its Environment Plan: Preserving and Protecting our Environment for Future Generations.

 

, , , ,

Full steam ahead for official bilingualism: Government of Canada tables overhaul of official languages regulations

internal divisions

On October 25, the Government of Canada tabled significant amendments to the Official Languages (Communications with and Services to the Public) Regulations. As discussed previously, this regulatory overhaul stems from commitments made in the 2018 federal budget plan to improve access to services offered in the language of the official minority by federal institutions from coast to coast.

 

, , ,

Back to square one? Ontario government winds down cap and trade program and overhauls approach to climate change

On July 25, 2018, the newly formed Ontario Government introduced Bill 4, the Cap and Trade Cancellation Act, 2018 (the “new Act”), which repeals the Climate Change Mitigation and Low-carbon Economy Act, 2016 (the “old Act”) and provides for the wind-down of the province’s cap and trade program[1]. The new Act also sets out a renewed approach to climate change policy.

 

, ,

European commission releases proposal to regulate crowdfunding

Crowdfunding Service Providers (CSPs) can provide businesses and individuals with a digital platform to reach out to potential investors for funding. Presently, some EU countries have their own national legislation on crowdfunding while others require CSPs to be licensed and operate under EU frameworks.

 

, , , , ,

BC passes legislation to modernize International Commercial Arbitration Act

The legislature passed the International Commercial Arbitration Amendment Act on April 12, 2018 with the goal of updating BC’s International Arbitration Act to reflect current international best practices.

 

, , , , ,

Previous Posts