As we discussed in November 2012, the Department of Finance initiated a consultation process in 2011 intended to address deficiencies in the customer due diligence provisions under the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR).

New rules came into effect in Canada on Nov 12, 2013 dealing with contracts between merchants and payment providers (including banks), payment networks, payment hardware providers or multiple service providers, in the credit and debit card and payment processing industry.

On Thursday, November 26, 2020, the new B.C. government announced its cabinet members and parliamentary secretaries. This included the appointment of Niki Sharma as the Parliamentary Secretary...

In a technical interpretation released on November 20, 2013, the Canada Revenue Agency ("CRA") confirmed that a not-for-profit organization ("NFP") that transfers property to an arm’s length creditor in the course of winding up as partial payment for its debts will remain tax-exempt under paragraph 149(1)(l) of the Income Tax Act (Canada).

Bill C-458 (An Act respecting a National Charities Week and to amend the Income Tax Act (charitable and other gifts)) was withdrawn at the end of October 2013.

The Ontario Securities Commission confirmed today that it has received Ministerial approval of amendments to NI 54-101.

Are you a director or officer of a corporation created pursuant to Part II of the Canada Corporations Act?

On January 25, NYSE Euronext announced that it would no longer permit broker voting of uninstructed shares in the case of certain corporate governance proposals previously categorized as "Broker May Vote".

The Ontario government has released draft default by-laws for use under the Not-for-profit Corporations Act, 2012.

Ontario not-for-profit organizations continue to await the coming into force of the Ontario Not-for-Profit Corporations Act, 2010.

Corporations Canada has extended the number of items that can be filed online. This is meant to assist organizations in their compliance efforts.

That provision was added to the Securities Act on June 4, 2015. The amendment to OSC Rule 13-502 is expected to come into force on December 15, 2015.

As part of the Ontario budget released on May 2nd, the Ontario government has indicated its strong support of broader gender diversity on the boards and in senior management of major businesses, not-for-profit firms and other large organizations.

Interviewed by Law Times, Eli Lederman shared his expert insights on the Ontario Court of Appeal's decision in Obolus Ltd v International Seniors Community Care Inc.

The Ontario Securities Commission announced last week that it has approved amendments to the rules of the TSX and Alpha Exchange, as well as to the TMX Select Trading Policy Manual to provide for a new category of direct electronic access client.

The OSC has taken fairly severe action against TSX listed companies that have failed to provide gender diversity information as required by amendments to National Instrument 58-101...

The Ontario Securities Commission (OSC) recently announced that it has entered into a Memorandum of Understanding (MOU) with the Financial Supervisory Commission (FSC) of Taiwan.

The Ontario Securities Commission announced yesterday that it is extending the consultation period on potential new capital-raising prospectus exemptions.

On January 29, the Ontario Securities Commission is hosting a roundtable discussion to consider issues regarding the integrity and reliability of proxy voting in Canada.

The Ontario Securities Commission today released the results of a report conducted by its Compliance and Registration Regulation Branch in respect of the annual capital markets participation fees paid by registrant firms and unregistered capital markets participants.