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Counsel to Economical Insurance

On February 25, 2022, the Government announced that Bill 37 will come into force on August 29, 2022. Miller Thomson has been closely following the development of Bill 37: The Builders’ Lien (Prompt Payment) Amendment Act) (“Bill 37”) which first received royal assent on December 9, 2020. Bill 37 is intended to update the Alberta […]

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 […]

Counsel to Sonnet Insurance Company

The Province of Ontario has now introduced regulations which flesh out how the Community Benefits Charges regime, initially announced in 2019 by Bill 108, the More Homes, More Choice Act (“Bill 108”) and revised by Bill 197, the COVID-19 Economic Recovery Act (“Bill 197”), will function. On September 18, 2020, O. Reg 509/20 Community Benefits […]

Author’s Note:  The legislation reviewed below is now in force, having passed and received Royal Assent on July 27, 2020. On July 17, the Canadian Government released draft legislation with proposals to amend the Income Tax Act rules governing the Canada Emergency Wage Subsidy (“CEWS”). These amendments include an extension of the CEWS until December […]

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 […]

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, […]

Lien Sheltering When an entity higher in the construction pyramid fails or refuses to pay those below it, this can cause a growing cascade of lien claimants. This is especially concerning, and costly, for those subcontractors providing services on a construction project with smaller lien claims. Fortunately a lien claimant can shelter their lien under […]