Equity compensation plans: Stock options, RSUs, and allocation
In my practice, I frequently provide advice on a specific area of law: stock option plans, or as I prefer to refer to them, equity compensation plans. Since this is just an introduction, I will focus on two common topics that founders frequently inquire about when considering an equity compensation plan: Types of equity compensation...
Continue reading the post titled Equity compensation plans: Stock options, RSUs, and allocationCarbon offsets and ISO 14064
Canada played a key role in developing the voluntary international standards for quantifying greenhouse gas reductions, ISO-14064 and 14065. After all that hard work, it’s wonderful to see a Canadian government taking them seriously. Both standards are key features of British Columbia’s
Continue reading the post titled Carbon offsets and ISO 14064Kipfinch – latest Ontario contaminated site decision
Ontario’s latest contaminated site decision is Kipfinch v. Westwood Mall (Mississauga) Limited. The intended purchaser of a $25 million shopping mall was unable to obtain financing after the vendor refused to allow invasive testing in an area formerly occupied by a dry cleaner. The agreement of purchase and sale required the purchaser to satisfy...
Continue reading the post titled Kipfinch – latest Ontario contaminated site decisionDo I Have to Collect HST if I am Just Selling my Vacant Land?
Determining whether or not you have to pay Harmonized Sales Tax (“HST”) during a real estate transaction can be a tricky situation. There can be rebates, exceptions and a whole host of factors which come into play. The sale of a vacant lot carries with it its own problems. When Do you Have to Pay...
Continue reading the post titled Do I Have to Collect HST if I am Just Selling my Vacant Land?British Columbia Supreme Court rejects plan of arrangement for barring claims of historical shareholders
Overview In Re iAnthus Capital Holdings, Inc., 2020 BCSC 1442, Justice Gomery of the BCSC rejected a plan of arrangement due to the overly broad scope of release and injunction clauses which were found to bar claims of historical shareholders which preceded the plan. His Honour did not dismiss the petition, but rather provided iAnthus...
Continue reading the post titled British Columbia Supreme Court rejects plan of arrangement for barring claims of historical shareholdersEmployers: Supreme Court of Canada weighs in on discrimination, bonus entitlements
It has been some time since the Supreme Court of Canada (“SCC”) last addressed employment-law related issues, but it recently issued two noteworthy decisions that may be relevant to employers. In Fraser v. Canada (Attorney General), 2020 SCC 28, the SCC arguably set the bar lower for employees to establish sex discrimination for the purposes...
Continue reading the post titled Employers: Supreme Court of Canada weighs in on discrimination, bonus entitlementsClimate-Change Litigation: Failure to disclose risks
On July 22, 2020 a 23 year old individual led the filing of a class action lawsuit against the Australian government alleging that the government failed to disclose the material risk of climate change to investors in government bonds1. Instead of seeking damages the relief sought seeks to require the government to improve its climate...
Continue reading the post titled Climate-Change Litigation: Failure to disclose risksThe rise and fall of Quadriga, a Canadian crypto exchange Ponzi scheme
We may only be a few years away from a Netflix special on the Quadriga collapse. There would be plenty to fill a script in last month’s release of an investigative report from the Ontario Securities Commission, which found that Quadriga was a fraud and Ponzi scheme (the “OSC Report”). The OSC Report is the culmination...
Continue reading the post titled The rise and fall of Quadriga, a Canadian crypto exchange Ponzi schemeLifetime 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 rollover of an...
Continue reading the post titled Lifetime Benefit TrustsCap-and-Trade
On October 11, 2019, the Ontario Superior Court of Justice, Divisional Court, confirmed that the repeal of the cap-and-trade system in Ontario absent engaging in public consultation was unlawful. The Ontario Divisional Court concluded that the Ontario government was “obliged” under the Environmental Bill of Rights to engage in public consultation prior to terminating the...
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