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Using Corporate Structures to Invest in Real Estate
Wednesday, September 21, 2022Parish BhumgaraBusiness Law, Corporate LawLimited Partnership
One of the more interesting aspects of corporate law is how it allows for the use of corporate structures to facilitate investment. This article discusses how corporate structures can be used to ...
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How Do I Lend to LPs & REITs?
Tuesday, September 13, 2022Zev ZlotnickBusiness Law, Corporate LawLending, Commercial Real Estate , Limited Partnership, REIT, Real Estate Investment Trusts
Loan transactions commonly involve non-corporate entities such as limited partnerships and Real Estate Investment Trusts (“REITs”). It is important for lenders to...
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Investment Canada Act voluntary notification comes into force on August 2, 2022
Tuesday, August 30, 2022Eliane Leal da SilvaCorporate Law
As of August 2, 2022, foreign investors are able to file a voluntary notice where they otherwise would not be subject to mandatory notification or net benefit review. This applies to...
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Social Clubs with Share Capital and the Ontario Not-for-Profit Corporations Act, 2010
Thursday, August 25, 2022Clifford S. GoldfarbCorporate Law, Non-Profit and Charities
Social clubs with share capital (“social companies”) remain under the Ontario Corporations Act (the “OCA”) after the Not-for-Profit Corporations Act...
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1-Minute Read for Commercial Mortgage Lenders: Beneficial Ownership vs. Registered
Tuesday, August 23, 2022Zev ZlotnickBusiness Law, Real Estate, Corporate LawCommercial Mortgage, Commercial Mortgage Lenders
Ownership of real property in Ontario is divided into legal or registered title ownership and beneficial ownership. Legal ownership and beneficial ownership of real property is...
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The CSE announces proposed amendments to its policies and forms
Tuesday, March 22, 2022Eliane Leal da SilvaBusiness Law, Corporate LawOntario Securities Commission
On December 9, 2021, CNSX Markets Inc. (the “CSE” or the “Exchange”) gave notice of proposed amendments to its current policies and related forms...
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2022: Important Changes to Wills and Power of Attorney Legislation
Friday, February 18, 2022Greg Farano LLB, CFA, TEP, Lindsay Ann Histrop, Ian SpiegelBusiness Law, Corporate LawWills
Significant changes have recently been made to the Succession Law Reform Act (“SLRA”) and Substitute Decisions Act, 1992 (“SDA”). Estates lawyers and clients looking for estate planning advice should
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Update: New Reporting Requirements For Trusts
Thursday, January 20, 2022Greg Farano LLB, CFA, TEP, Lindsay Ann Histrop, Ian SpiegelBusiness Law, Corporate LawTrusts
In a previous blog post, we discussed the proposed new T3 Trust Income Tax and Information Return reporting and filing requirements for certain express trusts. These changes
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Treatment of Digital Assets on Death
Friday, December 3, 2021Lindsay Ann HistropBusiness Law, Corporate LawSocial Media, Etherium, Litecoin, Ripple, Cardano, Dogecoin, Non-Fungible Tokens (NFT)
“Water is a useful metaphor for digital assets; they are just as fluid, ever-changing, and dynamic, which presents both...
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The ONCA at one month: the good, the bad, and the frequently misunderstood
Monday, November 22, 2021Clifford S. Goldfarb, James M. Parks, Heather Keachie, Christine JubianBusiness Law, Corporate Law, Non-Profit and CharitiesNot-for-profit Corporations Act (ONCA)
The Ontario Not-for-Profit Corporations Act, 2010 (the “ONCA”) came into effect as of October 19, 2021, and there are a number of misconceptions about its effect on existing corporations incorporated under the...
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Ontario Business Registry: Moving Businesses Online
Thursday, October 14, 2021Clifford S. Goldfarb, James M. Parks, Heather Keachie, Christine JubianBusiness Law, Corporate Law, Non-Profit and CharitiesNot-for-profit Corporations Act (ONCA), Ontario Business Registry
On October 19, 2021, the Ontario Ministry of Government and Consumer Services (the “Ministry”) will open the online Ontario Business Registry (“OBR”). The registry will
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Ontario Eliminates the Resident Canadian Director Requirement
Thursday, August 26, 2021Eliane Leal da SilvaBusiness Law, Corporate LawOntario Business Corporations Act, Bill 213: Better for People, Smarter for Business Act
The province of Ontario, by Bill 213, Better for People, Smarter for Business Act (“Bill 213”), has revoked subsection 118(3) of the Business Corporations Act (Ontario) (“OBCA”) which requires that...
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SPECIAL RELEASE Re Proclamation of Not-For-Profit Corporations Act, 2010 (Ontario) (the “ONCA”) ONCA will be proclaimed October 19, 2021
Thursday, August 19, 2021Clifford S. Goldfarb, James M. Parks, Heather Keachie, Christine JubianBusiness Law, Corporate Law, Non-Profit and Charities
The Government of Ontario has just announced that the ONCA will be coming into effect on October 19, 2021. The lengthy delay since...
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AODA requirements for Websites
Monday, July 19, 2021Eliane Leal da SilvaCorporate LawAODA, Accessibility for Ontarians with Disabilities Act
What is the AODA?
The Accessibility for Ontarians with Disabilities Act (the “AODA”) is a legislative framework intended to reduce and remove barriers for people with disabilities and...
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The Disruptive Power of Blockchain from a Legal Perspective: Part 1: The Ontario Land Registry System
Thursday, June 24, 2021Khalid KarimReal Estate, Corporate LawBlockchain Technology, Blockchain, Ontario Land Registry System
Outside of the real estate sector, you would be hard pressed to speak to the average person about land registration unless they are buying or selling a property themselves...
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Preparing for the ONCA
Thursday, November 12, 2020Clifford S. Goldfarb, James M. Parks, Heather Keachie, Christine JubianCorporate Law, Non-Profit and CharitiesOntario, Not-for-profit Corporations Act (ONCA), Corporations Act
The Not-for-profit Corporations Act (Ontario) (ONCA) that we have been waiting for since 2010 is likely going to come into effect on January 1, 2021 or shortly thereafter. When it comes into effect...
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Opportunity for Increased Tax Savings from Income Splitting with a 1% Prescribed Rate Loan
Thursday, July 30, 2020Lindsay Ann HistropCorporate LawIncome Splitting, Tax Savings
In this blog we will explain how you may be able to benefit from a 1% prescribed-rate loan to split income with certain family members who are taxed at a lower marginal rate.
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The Ontario government continues to modernize the way in which documents can be executed and sworn
Thursday, May 14, 2020Stephen A. Thiele, Lindsay Ann Histrop, Jennifer SearleBusiness Law, Corporate LawCOVID-19, Wills, Powers of Attorney, State of Emergency, Bill 190, Notaries Act, Commissioner for Taking Affidavits Act
The COVID-19 health emergency continues to cause the Ontario government to modernize legislation and to bring it into conformity with our technological world.
On May 12, 2020, the Ontario government passed Bill 190, the COVID-19 Response and Reforms to Modernize Ontario Act, 2020.
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Insurance and business interruption losses caused by COVID-19 shutdowns: Are you covered?
Wednesday, May 6, 2020Arlene O'Neill, Evert Van WoudenbergInsolvency law, Corporate LawCOVID-19, Insurance Policy, Business Interruption Loss Policy
As Ontario enters another month of a government ordered lockdown of the economy because of the worldwide COVID-19 health emergency, businesses continue to struggle as they see their revenues and profits plummet. In some cases...
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Tax Planning Opportunities in a Depressed Market
Monday, April 27, 2020Greg Farano LLB, CFA, TEP, Lindsay Ann HistropCorporate LawIncome Splitting, Capital Losses, Capital Gains, Prescribed Rate Loan Structure
The recent decline in financial markets may present opportunities to obtain refunds of tax paid in prior years. They may also present opportunities for income-splitting if...
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Directors and officers need to stay focused and diligent during COVID-19 health emergency
Thursday, April 16, 2020Arlene O'Neill, Kathleen SkerrettSecurities Law, Business Law, Corporate LawDirectors and Officers Liability, Directors and Officers Insurance Coverage, HST/GST
With the COVID-19 health emergency continuing for a least another month in Ontario and non-essential businesses remaining closed, directors and officers must continue to remain focused of their duties and to protect the companies they serve as a director or officer and themselves from potential liability.
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Virtual Signatures for Wills and Powers of Attorney Now Allowed
Monday, April 13, 2020Lindsay Ann HistropCorporate LawCOVID-19, Wills, Powers of Attorney, Succession Law Reform Act, Substitute Decisions Act
As the COVID-19 health emergency continues to create financial uncertainty because of the shutdown of non-essential businesses, layoffs and reductions in pay, it is understandable that people are concerned about...
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COVID-19 Provides Rare Opportunity for an Estate Freeze
Monday, April 13, 2020William S. Bernstein, Lorne Saltman, James M. Parks, Greg Farano LLB, CFA, TEP, Lindsay Ann HistropCorporate Law, Income Tax ActCOVID-19, Wills, Estate Freeze
COVID-19 has resulted in significant decreases to the value of many assets, including marketable securities, private businesses and real estate. This provides an opportunity to implement an estate freeze at low values, which allows for future savings in income tax.
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Social Clubs with Share Capital and the ONCA
Thursday, June 21, 2018Clifford S. GoldfarbBusiness Law, Corporate Law, Non-Profit and Charities, Ontario Corporations ActSocial Clubs
Transition Requirements for Share Capital Social Clubs Under the Ontario Corporations Act on Proclamation of the Ontario Not-for-Profit Corporations Act, 2010
There are 148 share capital social clubs currently in existence in the province of Ontario[1]. These are non-profit companies with...
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Now in Effect: Amendments to Ontario Charities and Not-For-Profit Laws
Tuesday, December 19, 2017Clifford S. Goldfarb, James M. ParksCorporate Law, Non-Profit and Charities
On November 14, 2017, Bill 154, Cutting Unnecessary Red Tape Act, 2017 ("Act"), received Royal Assent. The Act brings much needed reform to the...
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Evolution of the Shareholders’ Agreement in Canada
Monday, October 23, 2017Peter MoffattBusiness Law, Corporate LawShareholders’ Agreement
Business corporations statutes in most Canadian jurisdictions allow the shareholders of a corporation to restrict, in whole or in part, the powers of the directors of the Corporation to...
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What Can Go Wrong when a Director is also the largest Shareholder
Monday, October 2, 2017Kathleen SkerrettSecurities Law, Corporate Law
One of the things I have enjoyed most about practising law is the wonderful and unusual fact situations that can arise. Having now practised for 20 years, I can recollect a number of situations that would involve some version of “I can’t believe that actually happened”. Earlier this year I had another. We acted as counsel for a public company...
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PIPEDA - Draft Breach of Security Safeguards Regulations Published
Monday, September 25, 2017Catherine CarscallenPrivacy Law, Business Law, Corporate LawAnti-Spam, Digital Privacy Act, Breach of Security Safeguards Regulations
The Digital Privacy Act, passed in June 2015, made a number of amendments to Canada’s federal private sector privacy law, the Personal Information Protection and Electronic Documents Act (“PIPEDA”). Key among these amendments was...
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Ontario Announces Changes Dealing With Not-For-Profit Corporations
Monday, September 25, 2017James M. ParksCorporate Law, Non-Profit and Charities, Ontario Corporations ActOntario
The Ontario government enacted legislation several years ago that is intended to modernize the outdated law governing corporations without share capital. The Ontario Not-for-profit Corporations Act (the “ONCA”) received Royal Assent in 2010, but...
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Registering a Charity in Canada
Monday, August 28, 2017Clifford S. GoldfarbCorporate Law, Non-Profit and Charities, Income Tax Act, Ontario Corporations ActCanada Emergency Response Benefit (CERB)
The number of charitable organizations registered with Canada Revenue Agency (CRA) is close to 90,000. This includes large public organizations in the health and arts field, local service groups and private or family foundations. In order to be registered as a charity, an organization...
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