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Ontario extends deadline for proclamation into force of the Not-for-Profit Corporations Act, 2010

Canada - September 25 2020 The Not-for-Profit Corporations Act, 2010 (ONCA) received royal assent on October 25, 2010 but has not yet been proclaimed into force. The ONCA aims…

Nick G. Pasquino, Victoria Prince.

New Requirements Regarding Beneficial Ownership of Federal Corporations Come into Force in June 2019

Canada - January 14 2019 The Budget Implementation Act, 2018, No. 2 (Bill C-86), which amends several federal statutes, including the Canada Business Corporations Act (the…

Graham King, Laura Uyenaka.

Reminder: Record-Keeping Requirements for Ontario Corporations

Canada - November 27 2018 On December 10, 2016, Ontario corporations became subject to new and onerous record-keeping requirements. On that day, the Forfeited Corporate…

Graham King, Laura Uyenaka.

Best Practices for Directors to Limit Personal Liability Under the Oppression Remedy

Canada - November 30 2017 The Supreme Court of Canada’s (“SCC”) decision in Wilson v Alharayeri1 confirms that corporate directors, as opposed to the corporation itself, may be…

Charles Malone, Graham King.

Federal Government Seeks Comments on CETA Implementation Regulations

Canada, European Union - July 24 2017 On July 14, 2017, the Canadian federal government published a series of proposed regulations implementing certain aspects of the Comprehensive…