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  • Article

    Audit Inquiries Require Careful Responses

    In the lifecycle of every large corporation, receiving an Audit inquiry from the Canada Revenue Agency (CRA) is not a matter of if, but when. Whether it arrives as a formal "Request for Information" or a polite...
    CanadaAccounting and Audit
    Millar Kreklewetz
    Millar Kreklewetz
  • Article

    Foreign Exchange Issues In Damage Quantification: Part I – Basic Concepts

    It is not uncommon for litigation to involve the quantification of financial remedies across multiple political and monetary boundaries.
    CanadaAccounting and Audit
    Matson Driscoll & Damico
    Matson Driscoll & Damico
Article

Impairment Of Long-Lived Assets - Key IFRS Reminders

Under both old Canadian GAAP and IFRS, the basic principle for impairments is the same – recognize a loss if the recoverable amount of an asset or group of assets is less than its carrying amount.
CanadaAccounting and Audit
PwC Management Services LP
PwC Management Services LP
  • Article

    Certainty Or Flexibility? Changing The Approach To Director And Audit Committee Member Independence

    The Canadian Securities Administrators is seeking comments on its consultation paper: CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence (the Consultation Paper).
    CanadaCorporate/Commercial Law
    Norton Rose Fulbright Canada LLP
    Norton Rose Fulbright Canada LLP
  • Article

    An Overview of Taxation in Canada (5): Personal Income Tax

    CanadaTax
    PwC Management Services LP
    PwC Management Services LP
  • Article

    Bayer Inc. v. Attorney General Of Canada – A Canadian Tax Lawyer Analysis Of Document Production During A Transfer Pricing Audit

    The Canada Revenue Agency (CRA) has been auditing Bayer Canada for its 2013 to 2015 taxation years since 2016.
    CanadaTax
    Rotfleisch & Samulovitch P.C.
    Rotfleisch & Samulovitch P.C.
  • Article

    An Overview of Taxation in Canada (2): Corporate Income Tax

    CanadaAccounting and Audit
    PwC Management Services LP
    PwC Management Services LP
  • Article

    More Restrictions on Raising Taxes in Canada

    CanadaAccounting and Audit
    PwC Management Services LP
    PwC Management Services LP
  • Article

    CSA Announces Results Of Continuous Disclosure Review For Fiscal Years 2021 And 2022 Emphasizing Challenges Of Disclosure During Economic Uncertainty

    The Canadian Securities Administrators (CSA) recently published Staff Notice 51-364 (the "Staff Notice"), summarizing the results of its Continuous Disclosure Review Program for fiscal years...
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Does Being A Federal Not-For-Profit Corporation Mandate Audited Financial Statements?

    Given that many (although certainly not all) not-for-profit corporations ("NFPs"), both charitable and
    CanadaCorporate/Commercial Law
    Torkin Manes LLP
    Torkin Manes LLP
  • Article

    Dos And Don'ts Of Responding To Software Vendor Audits

    From the key products and services offered to their customers to critical back-office functions like accounting and regulatory reporting, financial institutions rely on licensed software to perform many of their most important functions.
    CanadaCorporate/Commercial Law
    Torys
    Torys
  • Article

    Drafting Eligible Financial Contracts

    All businesses know that one key to profitability is risk management. Particularly in such industries as oil and natural gas, eligible financial contracts have emerged as an invaluable tool to hedge the risk associated with volatile foreign currency exchange, interest rates and commodity prices.
    CanadaCorporate/Commercial Law
    McCarthy Tétrault
    McCarthy Tétrault
  • Article

    Know Your Obligations - Amendments To The Proceeds Of Crime (Money Laundering) And Terrorist Financing Regulations

    Effective February 1, 2014, the general regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) were amended.
    CanadaCorporate/Commercial Law
    Miller Thomson
    Miller Thomson
  • Article

    Top 10 Recent Changes To The B.C. Freedom Of Information And Privacy Act

    On October 21, 2004, the <I>Freedom of Information and Protection of Privacy Amendment Act, 2004</I> (the Amendments) received Royal Assent. The Amendments purport to address the implications of the <I>Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act</I> of 2001 (commonly referred to in the U.S. and Canada as the USA Patriot Act).
    CanadaEmployment and HR
    Blake, Cassels & Graydon LLP
    Blake, Cassels & Graydon LLP
  • Article

    Changes to Canada’s Short Form Prospectus System

    Canada’s securities regulators have finalized changes to the short form prospectus system, which will be effective for short form prospectuses filed on or after December 30, 2005.
    CanadaFinance and Banking
    Torys
    Torys
  • Article

    Reminder: You May Be Required to File Beneficial Ownership Reports with the SEC by February 14, 2006

    This is a reminder to investors who beneficially own more than 5% of the voting equity securities of an SEC-registered company that you may be required to file a report with the SEC by February 14, 2006.
    CanadaFinance and Banking
    Torys
    Torys
  • Article

    SCC Holds No Priority For GST Claims In CCAA Proceedings

    On December 16, 2010, the Supreme Court of Canada (the SCC) released its decision in Century services Inc. v. Canada (Attorney General) (aka Re Ted LeRoy).
    CanadaInsolvency/Bankruptcy/Re-Structuring
    Blake, Cassels & Graydon LLP
    Blake, Cassels & Graydon LLP
  • Article

    Secured Creditors May Assert Priority Over Proceeds Of A Fraudulent Preference Action

    In the decision of Justice Morawetz of the Ontario Superior Court of Justice (Commercial List) (the "Court") in "In the Matter of Aero Inventory (UK) Limited and Aero Inventory PLC", the Court held that proceeds of a fraudulent preference action recovered by a trustee in bankruptcy under section 95 of the "Bankruptcy and Insolvency Act" ("BIA") may be subject to the rights of secured creditors, to the extent secured creditors had rights in the collateral in question at the time of the impugned t
    CanadaInsolvency/Bankruptcy/Re-Structuring
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    The Indalex Principles - Ontario Court Establishes Test For DIP Guarantees

    The dominant theme in recent judicial discussions in connection with the approval of cross-border DIP financing is the appropriateness of approving cross-border guarantees in connection with DIP financing; particularly when the court is asked to approve re-financing or a roll up of pre-filing indebtedness.
    CanadaInsolvency/Bankruptcy/Re-Structuring
    Blake, Cassels & Graydon LLP
    Blake, Cassels & Graydon LLP
  • Article

    The Swagger Decision: An End To Liability Insurance Coverage For General Contractors?

    A central aspect of construction litigation is insurance coverage for the key players such as the general contractor. This is important both for the general contractor as a defendant—as without insurance it may have insufficient assets to pay for the defence costs of the litigation and to settle the claim or pay a judgment.
    CanadaInsurance
    McCarthy Tétrault
    McCarthy Tétrault
  • Showing 741–760 of 1722 results

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