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
12 years later – have things changed?
Approximately 12 years ago the Nobel Peace Prize was equally shared between the Intergovernmental Panel on Climate Change (IPCC) and Al Gore “for their efforts to build up and disseminate greater knowledge about man-made climate change, and to lay the foundations for the measures that are ne…Continue reading the post titled 12 years later – have things changed?
Advantages and disadvantages of franchising your business
If you’re reading this article, you’re probably considering franchising as a method of expansion for your business. You might be considering franchising as a result of your own research into expansion options for your business, or (as is often the case) you might be considering franchising b…Continue reading the post titled Advantages and disadvantages of franchising your business
Should I franchise my business?
Franchising as a business expansion model has many advantages and can be a great choice for the right business. However, not all businesses are well-suited to be franchised (sometimes called “franchisable”). Moreover, a business needs to be at the right stage to start franchising. This artic…Continue reading the post titled Should I franchise my business?
‘Tis the Season: A Refresher on Social Host Liability
Another year is coming to an end. ‘Tis the season of holiday parties with friends, family, and colleagues. Amid this festivity, a reminder about the law on social host liability is apropos. The leading case on social host liability is Childs v Desormeaux, where the Supreme Court of Canada…Continue reading the post titled ‘Tis the Season: A Refresher on Social Host Liability