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Blog
Now in Effect: Amendments to Ontario Charities and Not-For-Profit Laws
Tuesday, December 19, 2017Clifford S. Goldfarb, James M. Parks, Pamela LiangNon-Profit and Charities, Corporate Law
On November 14, 2017, Bill 154, Cutting Unnecessary Red Tape Act, 2017 ("Act"), received Royal Assent. The Act brings much needed reform to the...
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Evolution of the Shareholders’ Agreement in Canada
Monday, October 23, 2017Peter MoffattBusiness Law, Corporate LawShareholders’ Agreement
Business corporations statutes in most Canadian jurisdictions allow the shareholders of a corporation to restrict, in whole or in part, the powers of the directors of the Corporation to...
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What Can Go Wrong when a Director is also the largest Shareholder
Monday, October 2, 2017Kathleen SkerrettCorporate Law, Securities Law
One of the things I have enjoyed most about practising law is the wonderful and unusual fact situations that can arise. Having now practised for 20 years, I can recollect a number of situations that would involve some version of “I can’t believe that actually happened”. Earlier this year I had another. We acted as counsel for a public company...
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PIPEDA - Draft Breach of Security Safeguards Regulations Published
Monday, September 25, 2017Catherine CarscallenBusiness Law, Privacy Law, Corporate LawAnti-Spam, Digital Privacy Act, Breach of Security Safeguards Regulations
The Digital Privacy Act, passed in June 2015, made a number of amendments to Canada’s federal private sector privacy law, the Personal Information Protection and Electronic Documents Act (“PIPEDA”). Key among these amendments was...
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Ontario Announces Changes Dealing With Not-For-Profit Corporations
Monday, September 25, 2017James M. ParksCorporate Law, Non-Profit and Charities, Ontario Corporations ActOntario
The Ontario government enacted legislation several years ago that is intended to modernize the outdated law governing corporations without share capital. The Ontario Not-for-profit Corporations Act (the “ONCA”) received Royal Assent in 2010, but...
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Registering a Charity in Canada
Monday, August 28, 2017Clifford S. GoldfarbNon-Profit and Charities, Income Tax Act, Corporate Law, Ontario Corporations ActCanada Revenue Agency (CRA)
The number of charitable organizations registered with Canada Revenue Agency (CRA) is close to 90,000. This includes large public organizations in the health and arts field, local service groups and private or family foundations. In order to be registered as a charity, an organization...
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CASL - Private Right of Action Suspended
Wednesday, August 16, 2017Catherine CarscallenCorporate Law, Privacy LawAnti-Spam, CASL
July 1, 2017 was slated to be the date when a “private right of action” under Canada’s anti-spam legislation (CASL) was scheduled to come into force. This private right of action was...
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Responsive Market Regulation – Comments on 2017 OSC Paper
Monday, July 31, 2017Heather ZordelCorporate Law, Securities Law, Securities Regulation, Capital MarketsOntario Securities Commission, Education
In a world where money flows rapidly between established markets and a growing number of innovative markets in multiple jurisdictions, it is an increasing challenge for regulators to “keep up” with...
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Keep it Simple and Safe – Explaining the new-found popularity of the SAFE
Tuesday, July 18, 2017George ToryCorporate Law, Securities Law, Business LawIPO, Investor Agreements, Preferred Shares
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
Not for a SAFE.
In the case of a SAFE, or a ...
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