Canadian Residency Requirements for Directors: What it Means to be “Ordinarily Resident”
July 14, 2017
For corporations incorporated federally or in Ontario, at least 25 percent of the directors must be resident Canadians. Where a corporation has fewer than four directors, then at least one […]
Don’t sue the messenger? CASL’s private right of action coming July 1, 2017
May 11, 2017
By now most Canadian businesses have had at least some exposure to Canada’s Anti-Spam Legislation (CASL), which came into force in 2014. However, one key aspect of CASL that is […]
Can You Invest in a SAFE Through an RRSP or TFSA?
April 11, 2017
We have been fielding numerous questions lately about whether or not a SAFE can be a qualified investment for an RRSP or a TFSA. A SAFE (“simple agreement for future […]
Recent De Facto Control Decisions
March 29, 2017
Canadian tax laws favour Canadian controlled private corporations (CCPCs) by granting them exclusive access to refundable scientific research and experimental development (“SR&ED”) tax credits and lower tax rates on business […]
2017 Federal Budget
March 23, 2017
The 2017 Federal Budget was tabled on March 22, and although it contained a few changes to tax legislation, it is more noteworthy for what was missing. First, we will […]
Notice – Last chance for not-for-profits to transition
February 15, 2017
Notice from Corporations Canada – All corporations created under the Canada Corporations Act, Part II need to have completed their transition to the Canada Not-for-profit Corporations Act and received their […]
