In MNR v. RBC Life Insurance Company et al., 2013 FCA 50, the Federal Court of Appeal held that the Minister of National Revenue could not use her authority under the Income Tax Act to demand information for the primary purpose of "chilling" a business.

Is your firm preparing for a regulatory examination? Are you ready? Do you want an independent assessment of your compliance program?

While the launch of SEDAR+ has been delayed, the CSA opted to keep the pre-launch onboarding window closed.

On August 28, 2025, Guardian Capital Group Limited ("Guardian") announced it has entered into a definitive agreement with Desjardins Global Asset Management Inc., an affiliate of Desjardins Group...

The Autorité des marchés financiers has proposed changes to some of its fees impacting registrants in the Province of Québec. Some fees would be reduced, such as registration fees applicable to investment dealers...

Earlier this month, CIRO released an Amendment regarding individual Approved Person proficiencies. The purpose of the amendment is to eliminate a conflict between National Instrument 31-103...

On July 13, the Canadian Investment Regulatory Organization (CIRO) released for the third time proposed amendments to modernize and simplify its derivatives related requirements.

As we first mentioned approximately two years ago, a number of the securities regulatory authorities, including the Ontario Securities Commission, ...

The committee is also intended to provide regulators with updates as to the industry's progress toward implementation of the new requirements.

A friendly reminder to registrants of obligations under National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) to file a written notice...

A friendly reminder to registrants of the requirement under Part 12 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations...

The Canadian Investment Regulatory Organization (CIRO) announced earlier in December that the Investment Dealer and Partially Consolidated (IDPC) Rules and Mutual Fund Dealer (MFD) Rules...

On May 17, 2024, New Gold Inc. completed its equity offering for gross proceeds of approximately C$235 million (US$173 million).

As we first mentioned approximately two years ago, a number of the securities regulatory authorities, including the Ontario Securities Commission, proposed changes to Multilateral Instrument...

If you haven't yet turned your mind to your annual exempt trade reports for investment fund issuers, now is the time. As noted in last month's bulletin...

BLG’s Investment Management Group is pleased to share its Registration Rules Book, a compilation of the most commonly used national and multilateral instruments and policies affecting registered financial services firms and individuals.

On February 24, 2024, the Ministerial Directive on Financial Transactions Associated with Russia (the Directive) took effect. The Directive applies to various entities regulated under the Proceeds of Crime...

These amendments are expected to come into force in May 2024 to coincide with Canada's move to a T+1 settlement cycle.

Bill C-69,Budget Implementation Act, 2024, No. 1was passed by the Parliament and received royal assent on June 20, 2024. Bill C-69 contains provisions to implement certain tax measures announced in the 2024 federal budget:

Agentic AI, a new threat: The report identifies AI agents as an emerging trend that presents many risks to investors, firms, and markets, such as agents acting beyond the user's intention and the unintentional use or disclosure of sensitive information. Firms are encouraged to develop the necessary supervisory frameworks specific to agentic AI