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Inside Internal Controls

News and discussion on implementing risk management

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Industry Canada

The primary purpose test – deciphering CASL’s charities exemption

What about registered charities? Are they required to comply with CASL’s requirements or are they exempt from compliance? The answer to that question was made somewhat clearer on July 4, 2014.

 

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The future of insolvency

Industry Canada sought public input on the state and future of Canada’s insolvency legislation through early 2014. Interested parties can review the issues in the agency’s discussion paper on the statutory review of the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act.

 

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Federal government seeks input on Canada Business Corporations Act

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The Canada Business Corporations Act (CBCA) last underwent significant change in 2001, and Industry Canada believes conditions have changed enough since then that it’s time for another review. The department is accepting input until March 11, 2014, on the following topics…

 

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Industry Canada announces effective dates of anti-spam legislation

After three years of waiting, Industry Canada has finalized the Electronic Commerce Protection Regulations and set a date for Canada’s anti-spam legislation to come into force. Canada’s anti-spam legislation will be phased in over four years starting July 1, 2014—seven short months from now.

 

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Anti-spam legislation: Time to act on commercial electronic communications

It feels like we’ve been saying this for years now, but, as we reported again last Monday. Canadian businesses can expect new legislation governing commercial electronic communication and spam in the coming months.

 

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Accountants call for national entrepreneurship strategy

Canadians are pretty good at creating businesses that last, according to a new study by the Chartered General Accountants’ Association of Canada. Around 85 percent of new Canadian businesses survive for a year, 62 percent make it at least three years and 51 percent are still going after five years. The Business Development Bank of Canada puts this last number above 66 percent.

 

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