Data Breach Awareness
Everyday hundreds of businesses across Canada have data incidents. From lost bins to hacked computers, businesses need to be aware of their privacy obligations they owe to their customers and clients. Indeed, businesses are now asking themselves not what if I have a data breach, but when wil…Continue reading the post titled Data Breach Awareness
Are employees “off-ramping” from your organization?
When employees experience personal trauma, challenging transitions in the workplace, difficult relationships with managers, etc., some of them will choose to “off-ramp,” a term referring to those who voluntarily resign or reduce their working hours. Many employers will be familiar with an em…Continue reading the post titled Are employees “off-ramping” from your organization?
Should I practice through a professional corporation?
There are many benefits associated with incorporating a professional corporation, including lower corporate tax rates, investment and tax strategies, and planning for retirement. Professionals are advised to seek legal and accounting advice in order to determine whether incorporation is appr…Continue reading the post titled Should I practice through a professional corporation?
Citizen suits against the government for GHG emissions
Numerous climate change actions have been brought against governmental entities globally within the past decade with increasing frequency. In Canada, three actions have been brought against the Canadian government within the past three years for insufficient action to reduce greenhouse gas e…Continue reading the post titled Citizen suits against the government for GHG emissions
Understanding the differences between GDPR, CCPA, and PIPEDA – a guide for Canadian businesses
Gone are days of unregulated and untethered data gathering. With the rolling out of the California Consumer Privacy Act, Canadian businesses are now finding themselves navigating a sea awash with a patchwork of extraterritorial legislation. The laws are sometimes inconsistent, often vague, a…Continue reading the post titled Understanding the differences between GDPR, CCPA, and PIPEDA – a guide for Canadian businesses
Establishing a medicine professional corporation: Who is permitted to own shares?
The Regulated Health Professions Act allows medical professionals to establish a corporation for the purpose of practicing medicine. Creating a Medicine Professional Corporation (MPC) may be financially beneficial for physicians since the tax rate of the corporation is much lower compared to…Continue reading the post titled Establishing a medicine professional corporation: Who is permitted to own shares?
Coming up in 2020: Canada’s first public Bitcoin fund
This year is going to be a Happy New Year for The BitCoin Fund (the “Fund”), whose final prospectus was approved by the Ontario Securities Commission (OSC). It is the first public bitcoin fund to be cleared by any Canadian securities regulator. The Bitcoin Fund is a public investment trust …Continue reading the post titled Coming up in 2020: Canada’s first public Bitcoin fund
Lifetime Benefit Trusts
On death, RRSPs and RRIFs belonging to the deceased are deemed to have been included in the deceased income immediately before death and are taxed on their full market value as of the date of death. Created by s. 60.011 of the Income Tax Act, a Lifetime Benefit Trust (“LBT”) allows the rollo…Continue reading the post titled Lifetime Benefit Trusts
Expanded tax on split income (TOSI) rules for professionals
Many professionals choose to incorporate a professional corporation to take advantage of the various tax benefits of doing so. Professionals, such as physicians and dentists, who are permitted to include family members as shareholders, have historically been able to benefit from income s…Continue reading the post titled Expanded tax on split income (TOSI) rules for professionals
Employment law: 2019 year in review
Another year is winding to an end – which, of course, means that it’s time to reflect on the legal developments that we have seen in Ontario during the year. In this blog, I will present my non-exhaustive list of the most interesting developments to employment law in Ontario in 2019. Termina…Continue reading the post titled Employment law: 2019 year in review
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