Can I use my existing financial statements in a Canadian franchise disclosure document?
A foreign franchisor preparing to enter Canada will usually have financial statements already. A publicly traded franchisor may have audited consolidated statements prepared under International Financial Reporting Standards or U.S. generally accepted accounting principles. A privately held f…
View the post titled Can I use my existing financial statements in a Canadian franchise disclosure document?Financial Assurance and HST
Should financial assurance include HST? Financial assurance is designed to ensure that taxpayer doesn’t have to pay the bill, if an industrial operation becomes insolvent, abandoning an environmental mess. Most businesses provide financial assurance by posting cash or letter of credit.…
View the post titled Financial Assurance and HSTMaking parent companies pay: a sting in the tail of approval reform
This should add some surprising complications to a wide variety of transactions.
View the post titled Making parent companies pay: a sting in the tail of approval reformFinancial assurance: what counts?
Detox appealed the Ministry demand for $100,000 in financial assurance for transportation accidents relating to PCBs. As Detox pointed out, it holds $5 million of vehicle insurance, to cover precisely the same sort of accidents, and the MOE's amount, $100,000, was almost certainly inadequ…
View the post titled Financial assurance: what counts?Receive Blog Posts
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