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Results: 11-20 of 52

Finance releases proposed REIT amendments
  • Borden Ladner Gervais LLP
  • Canada
  • January 28 2011

On December 16, 2010, the Department of Finance Canada (Finance) released for public consultation draft legislative proposals (the Draft Legislation) to amend the real estate investment trust (REIT) rules in the Income Tax Act (Canada) (the Act), as well as related explanatory notes (the Explanatory Notes


Toronto Stock Exchange (TSX) staff provide guidance on year-end distributions, restricted securities and option plan amendments
  • Borden Ladner Gervais LLP
  • Canada
  • November 18 2010

TSX staff remind issuers that the requirements to notify the TSX of the approval of a distribution and to provide seven trading days notice prior to the record date includes special year-end distributions and applies whether or not the exact amount of distribution is known, the distribution is to be made in cash, units or other securities, or an immediate consolidation to maintain the current number of outstanding securities is planned


Canadian regulators propose modernized rules for mutual funds: ETFs, money market funds, short selling, fund of funds
  • Borden Ladner Gervais LLP
  • Canada
  • July 29 2010

The Canadian Securities Administrators recently published proposed amendments designed to modernize the rules that apply to publicly offered mutual funds in Canada


Budget 2010 stock option changes may necessitate action by issuers
  • Borden Ladner Gervais LLP
  • Canada
  • May 13 2010

As you may be aware, Budget 2010 contained a number of changes relevant to stock options


Solutions under the new section 116 regime
  • Borden Ladner Gervais LLP
  • Canada
  • December 16 2009

Effective for transactions occurring after December 31, 2008, a new regime was established for compliance with section 116 of the Income Tax Act (Canada) (the "Act"


TSX proposes new security holder approval requirements for acquisitions of listed investment funds
  • Borden Ladner Gervais LLP
  • Canada
  • November 25 2009

Proposed amendments to the TSX rules will require an investment fund listed on that exchange to seek security holder approval if it is being "acquired" or if it proposes to acquire another investment fund by issuing securities in payment of the purchase price for that fund in excess of a specified threshold


Ontario introduces a package of changes in response to current economic challenges
  • Borden Ladner Gervais LLP
  • Canada
  • June 30 2009

On June 23, 2009, the Ontario Government announced the filing of Regulation 23909 (the "Regulation") under the Pension Benefits Act (Ontario


Update on income trust conversion activity
  • Borden Ladner Gervais LLP
  • Canada
  • June 9 2009

Since our national series of presentations in February 2009 that dealt with the choices facing income trusts in light of the changes in tax treatment, the pace of trusts converting to corporations has intensified


The TSX financial hardship exemption from security holder approval
  • Borden Ladner Gervais LLP
  • Canada
  • May 12 2009

The TSX has clarified its rules regarding the circumstances in which a listed issuer can dilute its existing security holders by more than 25, engage in transactions that materially affect control of the issuer, and or engage in transactions with insiders of the issuer, in reliance on the financial hardship exemption from the security holder approval requirement under section 604(e) of the TSX Company Manual


Bank of Canada makes history with new monetary policy announcements: 0.25 key interest rate and quantitative easing
  • Borden Ladner Gervais LLP
  • Canada
  • May 11 2009

The Bank of Canada (the Canadian central bank) announced on April 21, 2009 that it was lowering the "target for the overnight rate", being the interest rate at which major financial institutions borrow and lend one-day or overnight funds among themselves, to 0.25