Government Budget, Throne Speech and Plans
October 8, 2019 Occasional Contributors Budgeting and Auditing, Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, Government Budget, Throne Speech and Plans, Insurance, Sales, Marketing and Operations,
As previously reported, the Ontario government is moving ahead to support financial regulatory reform including by establishing the Financial Services Regulatory Authority (FSRA), the new Ontario provincial regulator for provincially regulated insurers, credit unions, loan and trust corporations, pension plans, mortgage brokers and certain auto insurance service providers.
burden reduction initiative, Deposit Insurance Corporation of Ontario, Financial Services Commission of Ontario, Financial Services Regulatory Authority of Ontario, fraud and abuse reduction strategy, mortgage brokering
August 28, 2019 Occasional Contributors Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Government Budget, Throne Speech and Plans, Income Tax Planning / Tax Schedules / Remittances,
Recent international tax changes proposed by the OECD could significantly impact the cross-border activities of Canadians – particularly with respect to tax planning strategies that shift profits to low or no-tax jurisdictions.
Capital gains, Covered Tax Agreement, global minimum tax, international tax framework, tax treaties, taxing rights
June 26, 2019 Yosie Saint-Cyr, LL.B., Managing Editor Accounting Systems and Controls, Business and Legal Issues, Corporate Administration, Corporate Governance, E-Commerce, Finance and Accounting, Fraud and Corruption, Government Budget, Throne Speech and Plans, Insurance, Payroll and Personnel Management, Records Management and Retention, Sales, Marketing and Operations,
Effective June 8, 2019, the Ontario government launched the Financial Services Regulatory Authority of Ontario (FSRA), which is a new independent and self-funded regulator of financial services and pensions that is intended to help reduce regulatory burden, among other things.
Deposit Insurance Corporation of Ontario, Financial Services Commission of Ontario, Financial Services Regulatory Authority of Ontario, self-funded regulator of financial services and pensions, Stronger Fairer Ontario Act (Budget Measures) 2017
June 11, 2019 Occasional Contributors Business and Legal Issues, Corporate Administration, Environmental Issues, Finance and Accounting, Government Budget, Throne Speech and Plans, Insurance, Leadership and Management, Records Management and Retention, Sales, Marketing and Operations,
The new Environmental Emergency Regulations apply to a responsible person that owns or has the charge, management or control of any of the 249 listed hazardous substances located at any fixed land-based facility in Canada.
environmental emergency plan, Environmental Emergency Regulations, environmental matters, hazardous substances
June 4, 2019 Occasional Contributors Business and Legal Issues, Corporate Administration, Finance and Accounting, Government Budget, Throne Speech and Plans, Sales, Marketing and Operations,
On March 18, 2019, the Ontario Treasury Board announced a plan to centralize the province’s public sector procurement and create a more efficient delivery process for goods and services.
centralized procurement, government’s procurement practices, procurement
May 10, 2019 McCarthy Tétrault LLP Business and Legal Issues, Corporate Governance, Finance and Accounting, Fraud and Corruption, Government Budget, Throne Speech and Plans, Leadership and Management,
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.
anti-corruption, federal government contract, government’s procurement practices, money laundering, organized crime
April 12, 2019 McCarthy Tétrault LLP Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Government Budget, Throne Speech and Plans,
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.
duties on transfers, transfers of immovables
April 10, 2019 Drache Aptowitzer LLP Business and Legal Issues, Finance and Accounting, Financial Management, Government Budget, Throne Speech and Plans, Not for Profit,
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.
Alexandra Tzannidakis, Drache Aptowitzer LLP, investments, non-profit organizations, Social impact bonds
March 27, 2019 Occasional Contributors Business and Legal Issues, Finance and Accounting, Financial Management, Government Budget, Throne Speech and Plans, Not for Profit,
Finance Minister Morneau delivered the 2019 Federal Budget on March 19, 2019. Here is our article.
2019 federal budget, Canadian charitable sector, not-for-profit organizations
March 21, 2019 Occasional Contributors Business and Legal Issues, Environmental Issues, Finance and Accounting, Financial Compliance / Planning / Management, Government Budget, Throne Speech and Plans, IT, Privacy and Security,
Many were hoping for tax reductions in Budget 2019 that would help make Canada more competitive. With Canada’s top marginal tax rates described by some analysts as “punitively high,” and with the Canadian economy sliding to an annualized rate of growth of only 0.4 per cent in the fourth quarter, there are no proposed changes to the tax rates for individuals or corporations.
business investment, cross-border securities lending, employee stock options, GST/HST, mutual fund trusts, registered pension plan investments, registered retirement income funds, tax enforcement, tax-free savings account, zero-emission vehicles
March 12, 2019 Occasional Contributors Business and Legal Issues, Competition, Corporate Governance, Finance and Accounting, Fraud and Corruption, Government Budget, Throne Speech and Plans,
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.
competition, corruption, Corruption of Foreign Public Officials Act, deferred prosecution agreement, influence peddling, remediation agreements, voluntary disclosure, white collar crime
March 8, 2019 McCarthy Tétrault LLP Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Government Budget, Throne Speech and Plans,
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.
Competition Act, Investment Canada Act, merger review thresholds, Mergers and acquisitions
March 7, 2019 Occasional Contributors Corporate Governance, Environmental Issues, Finance and Accounting, Government Budget, Throne Speech and Plans,
On February 12th 2019, Ontario announced its proposed plan to reduce greenhouse gas (“GHG”) emissions, the Industrial Emissions Performance Standards Program.
annual emission limits, cap and trade program, climate change, green energy framework, greenhouse gas, greenhouse gas reduction targets, industrial emissions
February 27, 2019 Occasional Contributors Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Government Budget, Throne Speech and Plans, Sales, Marketing and Operations,
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.
Open for Business Action Plan, reducing regulatory burden, regulatory compliance, regulatory enforcement
February 22, 2019 McCarthy Tétrault LLP Accounting Systems and Controls, Business and Legal Issues, E-Commerce, Finance and Accounting, Fraud and Corruption, Government Budget, Throne Speech and Plans, IT, Privacy and Security, Network, Systems and Data Security,
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.
cryptoasset, cryptocurrency, financial services, FinTech, Proceeds of Crime (Money Laundering) and Terrorist Financing Act