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Wednesday, March 27, 2019 @ 9:27 AM

Share purchase agreements: Pre-closing tax liabilities corporate_tax_sm

In every share purchase agreement there are various provisions which allocate the risk associated with taxes amongst the buyer and the seller. While each agreement is unique in its details, reflecting the underlying objectives of the parties, there are general provisions, concepts and themes which can be seen in most share purchase agreements in Canada. One such theme is that buyers do not want to be responsible for taxes that relate to the target company’s pre-closing period. ... [read more]

Wednesday, March 27, 2019 @ 8:56 AM

Alberta Builders’ Lien Act gets some judicial attention construction_debt_sm

A recent decision of the Alberta Court of Queen’s Bench clarified that an owner’s express right to set-off in the prime contract can affect the requirements of the Alberta Builders’ Lien Act. ... [read more]

Tuesday, March 26, 2019 @ 9:51 AM

Quebec Court of Appeal decision broadens fundamental rights for legal persons Stanley Berger

A numbered company that was ordered by a lower court to pay the minimum fine for acting as a building contractor without holding a licence won a significant legal battle appeal after the Quebec Court of Appeal held that legal persons are entitled to protection against cruel or unusual treatment or punishment within the meaning of s. 12 of the Canadian Charter of Rights and Freedoms. ... [read more]

Tuesday, March 26, 2019 @ 8:40 AM

Highly targeted federal budget has winners and losers | Alexandre Dufresne

On March 19, 2019, the Liberal government tabled a highly political and targeted budget, as it prepares for the next elections. ... [read more]

Monday, March 25, 2019 @ 12:10 PM

Concerns about broker preferencing in equity market fuels consultation by financial regulators

Canada’s financial regulators are looking for feedback in response to concerns about the internalization of retail orders in the equity market. The Canadian Securities Administrators (CSA), which is the umbrella group for Canada’s provincial and territorial securities commissions, and the Investment Industry Regulatory Organization of Canada (IIROC), which oversees investment dealers and trading, have jointly published a consultation paper seeking feedback on internalization ... [read more]

Monday, March 25, 2019 @ 9:27 AM

Real reasons for high cost of Toronto housing affordable_homes_sm

The last 12 years in the Greater Toronto Area (GTA) have seen a massive restriction of land supply with corresponding skyrocketing prices for land and both low-rise and high-rise homes. The housing situation is similar to Vancouver’s, resulting in double digit price increases. ... [read more]

Friday, March 22, 2019 @ 9:58 AM

U.S. college cheating scandal casts spotlight on security of LSAT, law school admissions Kellye Testy

A sweeping U.S. Department of Justice indictment for large-scale bribery and cheating on the SAT entrance exam and in the admissions process for American colleges is raising questions among law deans and others about whether the LSAT or other aspects of the highly competitive law school admissions process in Canada are susceptible to cheating. ... [read more]

Thursday, March 21, 2019 @ 11:17 AM

Financial watchdogs seeking input for regulations on crypto assets Geoffrey Cher, Wildeboer Dellelce LLP

The emergence of crypto asset trading platforms in the financial market and concerns about their accountability and security have spurred the bodies overseeing securities and investments in Canada to consult with the public on how they can be better regulated. ... [read more]

Thursday, March 21, 2019 @ 11:03 AM

Putting the ‘M’ back into CMHC: New housing incentive plan | John Fox

Judging by the reaction, the federal government caught more than a few people by surprise with their new housing incentive plan in Tuesday's budget . That’s the plan that provides a shared equity loan to first-time home buyers. Some people think it’s a great way to get young people into homes, others are warning that it’s going to cause a housing bubble. ... [read more]

Wednesday, March 20, 2019 @ 12:43 PM

Four associates join Miller Thomson

Miller Thomson announced that associates Eric Laxton, Asim Iqbal and Eduard Popov have joined the Toronto office, while associate Rebecca Grosz is the newest member of the firm’s office in Vaughan, Ont. ... [read more]