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The business corporations acts confer a clear right on shareholders to receive audited financial statements annually, unless they have expressly waived this right.

On October 19, 2010, the Ontario Government passed Bill 65, the new "Not-for-Profit Corporations Act, 2010" (the NFPCA). The stated purpose of the NFPCA is to modernize the legal framework for Ontario’s 46,000 provincially incorporated not-for-profit corporations (NFPs).

When an organization seeks charitable status and is refused by the Canada Revenue Agency (CRA), the organization may challenge the CRA’s decision in court. Our courts, therefore, ultimately decide the legal meaning of charity.

Fraud risk poses a critical threat to First Nations governance, with increasing scrutiny from community members, funders, and courts demanding greater financial accountability. Strong internal controls, active oversight mechanisms, and proactive fraud prevention strategies are essential to protect collectively owned resources and maintain stakeholder trust.

In response to the financial hardship caused by the COVID-19 pandemic, the Government of Canada introduced the Canada Emergency Wage Subsidy in April 2020, one of the largest tax programs in the country's history, ...

On January 26, 2015, the Ontario Securities Commission issued the results of a staff review of disclosure relating to distributions by Ontario-based real estate investment trusts.

Arctic Glacier Income Fund (CSNX:AG.UN) (the "Fund") has obtained creditor protection from the Manitoba Court of Queen's Bench to allow its subsidiaries to continue normal operations as the Fund seeks new investors.

Most people are familiar with the concept of bankruptcy.

In the recent decision of the Supreme Court of Canada in Toronto-Dominion Bank and Her Majesty the Queen (2012 SCC 1), the Supreme Court succinctly agreed with the reasons of Justice No. l of the Federal Court of Appeal.

On July 7, 2008 specific provisions of the Insolvency Reform Act, 2005 and the Insolvency Reform Act, 2007 were proclaimed into force by Order in Council.

Canada's federal and provincial taxes of "vaping products" is really a vaping duty imposed under the Excise Act, 2001(the "Vaping Duty" and "EA 2001")...

The Supreme Court of Canada's Winter Term begins on January 11. The most notable case on the docket is Deloitte & Touche v Livent Inc.

The Court of Appeal for Ontario released its decision last week in Canadian Imperial Bank of Commercie v. Deloitte & Touche.

Leasing practices in the United States and Canada are similar in most respects, including the standard forms utilized for commercial office, retail and industrial properties. However, there are some principles which are different in Canada from those in the United States, the most important of which are outlined in this article

Following a recent Ontario Superior Court decision, pension administrators contemplating modifications to their plans may be obligated to inform plan members of such possible changes before they are implemented.