ArticleQuebec Government Mandates Disclosure Of Nominee AgreementsNominee agreements are frequently used in commercial real estate transactions for various non-tax reasons...CanadaTaxMcMillan LLP
ArticleTax Law Bulletin - New Protocol To The Canada-US Tax Treaty: Corporate Continuance And ResidenceThe Fifth Protocol (the “Protocol”) to the Canada-US Income Tax Convention (the “Treaty”) introduces significant changes to the rules relating to corporate continuance and residence. CanadaTaxMcMillan LLP
ArticleTax Law Bulletin – New Protocol To The Canada-US Tax Treaty: Trans-Border Pension Provisions And New Stock Option Apportionment RulesThe recently released Fifth Protocol (the “Protocol”) to the Canada-US Income Tax Convention (the “Treaty”) significantly expands the scope of the Treaty provisions dealing with pensions. CanadaTaxMcMillan LLP
ArticleUPDATE: Amendments To Thin Cap And Withholdings Tax Rules: Good News For Lenders, Better News For BorrowersIn order to prevent non-residents of Canada from stripping profits from their Canadian subsidiaries (each a "Canadian Subsidiary") in the form of deductible interest ..CanadaTaxMcMillan LLP
ArticleCybersecurity Threats To The Canadian Mining Industry: Is Your Business Ready?Cybersecurity attacks on critical infrastructure are on the rise especially considering the significant potential negative consequences such attacks can cause to both a country's domestic...CanadaTechnologyMcMillan LLP
ArticleOSFI Calls For Stakeholder Feedback On Regulatory Capital And Liquidity Treatment Of Crypto-asset ExposuresWhile crypto-assets can provide many benefits to investors and consumers, they also create new risks for centralized banking systems and insurers.CanadaTechnologyMcMillan LLP
ArticleGovernment Announces Changes In Foreign Ownership Rules For Canadian Airlines – 'Change In Fact'?The Canadian federal government's Minister of Transport, Marc Garneau, announced on November 3, 2016 that the government of Canada plans to raise the cap on foreign ownership of Canadian airlines.CanadaTransportMcMillan LLP
ArticleGovernment Announces Changes In Foreign Ownership Rules For Canadian Airlines – 'Change In Fact'?The Canadian federal government's Minister of Transport, Marc Garneau, announced on November 3, 2016 that the government of Canada plans to raise the cap on foreign ownership of Canadian airlines from 25% to 49%. CanadaTransportMcMillan LLP
ArticleGovernment Announces Changes In Foreign Ownership Rules For Canadian Airlines – ‘Change In Fact'?The Canadian federal government's Minister of Transport, Marc Garneau, announced on November 3, 2016 that the government of Canada plans to raise the cap on foreign ownership of Canadian airlines from 25% to 49%. CanadaTransportMcMillan LLP
ArticleCorporate Directors Beware - Trap Lurks Beneath The Surface Of Recent COVID-19 GST-HST-QST Remittance ReliefOn March 27, 2020, the federal government announced that taxpayers will be entitled to defer the remittance of Goods and Services Tax ("GST") ...United StatesTaxMcMillan LLP
Article2019 Canadian Merger Notification Threshold IncreasesThe 2019 increases to the merger thresholds under Canada's Competition Act and Investment Canada Act have been announced.CanadaAntitrust/Competition LawMcMillan LLP
ArticleMind The (ebike) Gap: How To Proceed With Product Recalls When There Is A Regulatory GapThe electric bicycle market is booming—the number of manufacturers, retailers, and bicycle models present in Canada keep growing.CanadaConsumer ProtectionMcMillan LLP
Article"Acting Jointly or in Concert" – Lack of Clarification and Guidance has Created Unnecessary Legal Wrangling, Particularly in Contested Transactions; A New Path Forward is NeededWe have seen increased attention to contested transactions in Canada – namely, unsolicited take-over bids and proxy contests – in recent years.CanadaCorporate/Commercial LawMcMillan LLP
ArticleBeing Part Of The Group – EMDs Permitted To Sell In Prospectus OfferingsOn June 20, 2024, the Canadian Securities Administrators announced a coordinated blanket order allowing the temporary exemption from restrictions on exempt market dealers ("EMDs")...CanadaCorporate/Commercial LawMcMillan LLP
ArticleBoard Of Directors In Condo Corporations RuleIn the recent decision, 3716724 Canada Inc. v Carleton Condominium Corporation No. 375, the Ontario Court of Appeal found that the "business judgment rule" applies to decisions of boards of condominium corporations. CanadaCorporate/Commercial LawMcMillan LLP
ArticleCSA Proposes Changes To National Instrument 45-106 Prospectus And Registration Exemptions Relating To Short-term Debt And Securitized ProductsOn January 23, 2014, the CSA published for a 90-day comment period proposed amendments that would modify the credit ratings required to distribute short-term debt, primarily commercial paper ("CP"). CanadaCorporate/Commercial LawMcMillan LLP
ArticleNew Business Law Advisory Council To Modernize Ontario's Business LawsAmong the eleven members of the Advisory Council is McMillan's Robert Scavone. CanadaCorporate/Commercial LawMcMillan LLP
ArticleNew Transparency Requirements: Private Companies In British Columbia Now Required To Collect And Disclose Shareholder InformationOn May 16, 2019, Bill 24 the Business Corporations Amendment Act, 2019 (the "Bill") received Royal Assent. CanadaCorporate/Commercial LawMcMillan LLP
ArticleDeferred Prosecution Agreements - A New Canadian RegimeWith the growing sophistication and globalization of corporations, countries are increasingly looking for new methods to combat and prosecute corporate crime. CanadaCriminal LawMcMillan LLP
ArticleBe Prepared: Ontario Enacts Significant Changes to Employment LawsEarlier this year, we wrote that the Ontario government had introduced new legislation – the Stronger Workplaces for a Stronger Economy Act, 2014 ("Bill 18") – that would introduce significant amendments to several employment-related statutes if enacted. CanadaEmployment and HRMcMillan LLP