Building An Asset Specific Data Practice (Podcast)

The Canadian investment fund industry is regulated by, among other things, a number of National Instruments. The Investment Fund Rules Book, prepared by members of BLG's Investment Management Group, incorporates the most commonly used national instruments and policies affecting investment funds and their managers, and includes all amendments to the various National Instruments that came into force as of July 1, 2026. It does not reflect other amendments that have been proposed but are not yet in force on the date of publication.

‘Interest’ is deductible in terms of section 24J(2) of the Income Tax Act. The term ‘interest’ is defined to include any interest ‘or similar finance charges’. The meaning of ‘similar finance charges’ has been uncertain since the 2016 amendment replaced the broader expression ‘related finance charges’ with ‘similar finance charges’. Under the previous wording, the SCA held in CSARS v South African Custodial Services that various costs closely connected to obtaining finance, including guarantee, advisory, margin, commitment, legal and administration fees, qualified as ‘related finance charges’.

L'OCRI continue d'utiliser des dispenses pour relever les défis pratiques liés à la réglementation des courtiers membres. Les dispenses accordées en 2025 visaient plusieurs domaines récurrents, notamment les activités de négociation, la double inscription, les cryptoactifs, le prêt de titres et l'assurance des compétences, démontrant une approche de réglementation fondée sur des principes et la proportionnalité.

GP stakes transactions—namely, minority investments by third-party investors in a private asset manager—were once viewed primarily as a founder liquidity tool. The market, however, has evolved well beyond that original story, with these transactions increasingly framed as strategic partnerships rather than mere financing events.

The AI boom is creating unprecedented demand for GPUs, servers, power systems, cooling infrastructure, and other data center assets in Canada. As highlighted in the Equipment Lease & Finance Association’s (ELFA) recent article, as part of the data center “gold rush,” equipment finance has become a critical part of the capital stack supporting data center development, with lenders increasingly financing GPU-backed infrastructure and related technology assets. Canada’s cooler environment, expansive geography and access to abundant water and electricity in certain provinces, make the country a desirable location to build data centers.

The Planning Gap, with Shannon Lee Simmons. This episode focuses on the gab between having a financial plan and implementing it...

The arrival of prediction markets in Canada has introduced a wave of practical challenges and emerging legal and regulatory issues, including questions relating to the scope of permissible trading, the limitations of traditional market surveillance, and new dynamics relating to the use of confidential information.

Le 29 juillet 2026, l'OCRI et les ACVM ont publié l'Avis conjoint 81-339 concernant les pratiques sectorielles à l'égard des fonds négociés en bourse à l'étranger. Cet avis traite des obligations de prospectus et d'inscription pour les gestionnaires de FNB étrangers, ainsi que des obligations de connaissance du produit, du client et de détermination de la convenance pour les courtiers. Les gestionnaires et courtiers doivent maintenant évaluer leurs pratiques

The Canadian Securities Administrators and CIRO have issued guidance clarifying their regulatory stance on event contracts and prediction markets. While declining jurisdiction over sports and entertainment-based contracts, regulators maintain oversight of event contracts tied to economic and financial indicators, creating a nuanced framework that requires careful analysis of each product's structure and underlying event.

Canadian securities regulators have established a limited framework for prediction markets, restricting which event contracts can be offered to investors and under what conditions. While certain economic and financial forecasts may be traded through authorized dealers, contracts based on political events, sports, or entertainment remain prohibited, and compliance with securities law does not resolve potential exposure under criminal gambling provisions.

A 2026 Ontario Court of Appeal decision reveals that construction contracts signed years after legislative reforms may still be governed by the old Construction Lien Act if the procurement process began before July 1, 2018. The ruling demonstrates how early project proposals and negotiations can determine which statutory regime applies, regardless of when the final contract was executed or where the project was ultimately built.

Ontario commercial truck drivers with less than two years of heavy-truck experience must now pass a practical road test administered by Quebec's SAAQ before transferring their licence to operate heavy vehicles in the province. This new requirement follows fatal collisions and an Ontario Auditor General audit that exposed significant gaps in training standards and provider oversight. Carriers operating across the border need to factor these requirements into workforce planning, recruitment timelines, and dis

Ontario truck drivers with less than two years of commercial heavy vehicle experience must now pass a practical road test administered by Quebec's SAAQ before exchanging their license to drive commercial heavy vehicles in the province. This new requirement follows a series of collisions involving heavy trucks in Quebec and a May 2026 audit revealing significant gaps in Ontario's training standards and oversight of providers. Carriers operating across the Ontario-Quebec border must now factor these requireme

Les sociétés minières canadiennes font face à une décision stratégique cruciale : s'inscrire à la TSX ou opter pour une bourse américaine comme le NYSE ou le Nasdaq. Cet article examine les avantages distincts de chaque marché, notamment l'expertise sectorielle du Canada, la profondeur des capitaux américains et les implications en matière de coûts, de conformité et de calendrier d'exécution.

Le propriétaire d’un immeuble a apporté des centaines de modifications à la conception et il a ajouté pour plus de 2,7 millions $ de travaux supplémentaires, a refusé d’accorder des prolongations de délai, puis a tenté de réclamer à son entrepreneur des dommages-intérêts liquidés pour les retards qui en ont résulté.

Deepfakes are reaching courts. Learn how a U.S. case dismissed for AI-generated evidence and Canadian authentication rules are changing what litigators must do now.

The Supreme Court of Canada has unanimously struck down a privative clause in the Conflict of Interest Act that attempted to bar judicial review of the Ethics Commissioner's decisions. The ruling establishes that the Constitution guarantees a minimum of legality review over all administrative decisions, with implications extending to labour relations, workers' compensation, and immigration legislation containing similar clauses.

Une fiducie de placement immobilier inscrite en bourse a réussi à restructurer environ 1 milliard de dollars de dettes en défaut en utilisant un plan d'arrangement en vertu de la LCSA, évitant ainsi une procédure formelle d'insolvabilité sous la LACC. Cette décision judiciaire démontre comment les outils du droit des sociétés peuvent servir d'alternatives efficaces aux procédures d'insolvabilité traditionnelles pour les sociétés ouvertes

When a building owner issued hundreds of design changes worth over $2.7 million in extra work but refused to grant schedule extensions, could they still claim liquidated damages for delays? The BC Court of Appeal's decision in CIMIC Morningstar Investments Ltd. v. Chandos Construction Ltd. examines four critical principles that construction parties must understand when managing delay disputes, including notice compliance, promissory estoppel, and the prevention principle.

La Cour d'appel de l'Ontario a statué qu'un contrat de construction conclu en 2020 demeure régi par l'ancienne Loi sur le privilège dans l'industrie de la construction, malgré l'entrée en vigueur de la nouvelle Loi sur la construction en 2018. Cette décision soulève des questions cruciales pour les entrepreneurs et propriétaires sur les délais applicables et les droits de privilège dans les projets de longue haleine.