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Approximately one year ago the Business Practices and Consumer Protection Act (the "Act") was proclaimed into force. The Act imposed new restrictions on creditors and debt collectors’ ability to obtain consumer credit reports and prohibited certain debt collection practices.

Conformément à l'impulsion mondiale en faveur d'une plus grande diversité et inclusion au sein de la direction des sociétés, Glass Lewis a récemment publié ses lignes directrices...

Small construction businesses may be wondering how to continue to operate during a time where social distancing and other measures make it difficult to interact with employees, clients and contractors

There are over 86,000 registered charities in Canada. Each year, the Canada Revenue Agency Charities Directorate audits approximately 700 of these charities.

In closely held corporations, it is not uncommon that annual shareholder minutes are not prepared, and financial statements are not audited despite the general legal requirement...

Remember the Ikea TV commercial from a couple of years ago which showed a shopper heading anxiously to her car and urging her husband to "START THE CAR!"?

On October 17, 2011, Canadian not-for-profit corporations (NFPs) formed under Part II of the Canada Corporations Act (CCA) were required to transition to the newly created Canada Not-for-Profit Corporations Act (CNCA) by October 17, 2014.

It has been almost one year since we published our "Worried About Mandatory Reporting? Read This" article in response to clients' concerns around pending mandatory ESG disclosure requirements in Canada.

Throughout Canada, every employer is governed by some type of employment legislation, usually called the Employment Standards Act (in Ontario and British Columbia, for example) or the Employment Standards Code (in Alberta, for example). Such employment standards legislation is generally similar throughout Canada and is designed to provide protection to employees from would-be unscrupulous employers by, for example, providing a right to minimum notice on termination of employment, a right to a mi

I do love the food for thought these Lehman Brothers bankruptcy cases provide. While they often turn (as this one does) on specific provisions of U.S. bankruptcy or state law, they do remind us of the importance of stating very clearly what is or is not permitted, especially when it comes to set-off.

A recent decision of the Delaware Court of Chancery (<I>In Re Tele-Communications, Inc. Shareholders Litigation</I>) focuses on issues that boards should consider when establishing a special committee and retaining financial advisers. While the deficiencies of the particular committee in the case are obvious, the deficiencies in the retention of the financial advisers are more complex.

In March 2008, the Canadian Accounting Standards Board confirmed that International Financial Reporting Standards (IFRS) will apply to most Canadian public issuers and registrants for financial years beginning on or after January 1, 2011.

In 2021, the Department of Finance unveiled an enticing opportunity for certain Canadian businesses to immediately claim up to $1.5 million per year in depreciation expense on eligible properties.

On April 19, 2021, the Department of Finance introduced a proposal related to the immediate expensing of certain properties as part of the 2021 Federal Budget.

In Re: IC Creative Homes Inc. (2005) Carswell BC 3157 (Master) the Bankruptcy Court had previously granted an order under section 38 of the BIA allowing a creditor of the bankrupt to commence proceedings against the bankrupt's accounting and business advisor for alleged misconduct and negligence relating to the operations of the bankrupt prior to its bankruptcy.

Most insolvency practitioners will likely agree that in the context of receivership or bankruptcy proceedings, the issue of priorities of the interests of various creditors and stakeholders is not one that is always easily resolved.