Not-for-Profit Corporations: It May be Time for You to Transition!
If you are a federal not-for-profit corporation that was incorporated under the Canada Corporations Act, Part II (the “CCA Part II”) and you have not yet transitioned to the new federal not-for-profit legislation – the Canada Not-for-profit Corporations Act, S.C. 2009, c. 23 (the “NFP Act”) – it is now time to do so. Corporations […]
Private Right Of Action Under Anti-Spam Law
Most of Canada’s anti-spam law (CASL) came into effect on July 1, 2014. However, not all of the provisions of CASL came into force at that time. On July 1, 2017, the provisions of CASL that provide for a private right of action for a breach of CASL are scheduled to come into force. This […]
Changes to the Ontario Insurance Act that Will Directly Impact Your Auto Insurance Benefits
Effective June 1, 2016, the Ontario Government has introduced changes to the automobile insurance system which will greatly affect the coverage consumers select and the price they will pay for auto insurance. Many of these changes affect the statutory accident benefits that a person will receive if they have been injured in an automobile accident […]
Is Your Promissory Note A Security?
Many small businesses regularly use promissory notes, such as when they are borrowing money or when they are paying suppliers. Most small business owners never think about whether their promissory notes are securities. However, the issue is far from clear-cut and can have significant consequences. Under the Ontario Securities Act (Act), a “security” is defined […]
Establishment and Termination of Bargaining Rights in Ontario
Establishment and Termination of Bargaining Rights in Ontario Employers and employees are significantly impacted when a union is introduced into or removed from a workplace. In this blog, we explain ways in which bargaining rights in Ontario are established and how they come to an end. All parties are typically involved in the process in […]
New Requirements for Ontario Corporations Relating to Land/Building Ownership
There are recent amendments to Ontario’s Corporate legislation which you should know about. One of the most important of which will impose additional record keeping requirements on Ontario Corporations. In addition to existing minute book maintenance obligations, an Ontario Corporation is now required to: create and maintain at its registered office a register of the […]
Terminations During the Probationary Period: Three Common Assumptions
Many employers like to take the first few months of a new employee’s employment to decide whether their new hire is the right addition to the team. Some like to call it a probation, others, a trial or evaluation period. Irrespective of what it is called I have noticed three recurring assumptions about this initial […]
Ontario Adopts New Forfeited Corporate Property Act
The Ontario government has adopted a new Forfeited Corporate Property Act, 2015 (“FCPA”) and made related changes to the Ontario Business Corporations Act. The FCPA is scheduled to come into force on December 10, 2016. New 3 Year Deadline for Forfeited Corporate Property As the title of the statute implies, the FCPA specifies what happens […]
Equity Crowdfunding – How Is It Working
Equity crowdfunding has been in place in most provinces in Canada since the end of January 2016. We thought it would be interesting to see how it is working in practice. As of June 20, 2016, the National Crowdfunding Association of Canada’s Canadian Crowdfunding Directory listed 16 equity portals operating in Canada. Not all of […]