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The Ontario Not-for-Profit Corporations Act, 2010 (“ONCA”) came into force on October 19, 2021. Ontario not-for-profit corporations have three years to transition their governing documents to conform with the ONCA. Our ONCA Fast Facts series explores what is new and different in the ONCA. This week we are discussing limits on Board delegation. Directors may […]

Under the Corporations Information Act (Ontario), corporations are required to file an Annual Return with the Ministry of Government and Consumer Services (the “Ministry”) within six (6) months of the corporation’s financial year-end to update the public record. The Annual Return provides an updated slate of Directors and Officers to the Ministry, as well as […]

Draft legislation making significant changes to the foreign affiliate provisions of the Income Tax Act (Canada) (the “Act”) was released by the Department of Finance on August 19, 2011. The new provisions deal with upstream loans from and other indebtedness owing to foreign affiliates, a new hybrid surplus account related to certain capital gains, foreign […]

Introduction In furtherance of Canada’s commitment to eliminate forced labour and child labour, the Fighting Against Forced Labour and Child Labour in Supply Chains Act (Canada) (the “Act”) received Royal Assent on May 11, 2023.[1] The Act imposes reporting obligations on government institutions, entities and entities controlling entities that produce, purchase, or distribute goods in […]

On August 29, 2022, the Prompt Payment and Construction Lien Act, RSA 2000, c P-26.4 (the “Act”), came into force in Alberta. The construction lawyers at Miller Thomson LLP have been preparing for the Act’s implementation for over a year and a half – our first communique on the subject was written on November 17, […]

When purposes need to be amended The Ontario Not-for-Profit Corporations Act, 2010 (“ONCA”) was proclaimed into law on October 19, 2021. The ONCA replaces Part III of the Ontario Corporations Act and significantly modernizes the legislation that governs non-share capital corporations incorporated in the Province of Ontario. The ONCA provides for a three-year transition period, […]

Under the Corporations Information Act (Ontario), corporations are required to file an Annual Return with the Ministry of Public and Business Service Delivery and Procurement (the “Ministry”) within six (6) months of the corporation’s financial year-end to update the public record. The Annual Return provides an updated slate of Directors and Officers to the Ministry, […]

Under the Ontario Construction Lien Act[1] (the “Act”), a contract is considered substantially performed when the improvement, or a substantial part thereof, is ready for use, or is being used for the intended purposes, and when the improvement is capable of completion or, where there is a known defect, correction can be completed for less […]

The Not-for-Profit Corporations Act, 2010 (“ONCA”) came into force on October 19, 2021. Not-for-profit corporations incorporated in Ontario will have a three year transition period to make changes to their governing documents to comply with the ONCA. During the transition period, the ONCA will apply where the not-for-profit corporation’s existing governing documents are silent. Our […]

Counsel to Pinnacle Climate Technologies