Focus On

Business

Latest

Thursday, November 05, 2020 @ 2:14 PM

CANADIAN CHARTER OF RIGHTS AND FREEDOMS - Protection against cruel and unusual treatment or punishment - Availability of Charter protection – Corporations

Appeal by the Attorney General of Quebec and Director of Criminal and Penal Prosecutions from a judgment of the Quebec Court of Appeal that found s. 12 of the Canadian Charter of Rights and Freedoms (Charter) could apply to corporations. ... [read more]

Thursday, November 05, 2020 @ 2:12 PM

What Narcos doesn’t tell you about those who bite the bullet | Adriana Ortiz

Silver or lead? This was the choice that was given in Medellin, Colombia. You, as a government official, would be forced to choose between money or being shot. On occasion, your life was spared only to watch your loved ones being shot one by one. What the Netflix series Narcos, fails to depict are the many government officials, lawyers, judges and journalists who lost their lives or those of their loved ones in the attempt to uphold the rule of law. Many of these great men and women believed in making Colombia a better place and faithfully carried out the duties of their roles. ... [read more]

Thursday, November 05, 2020 @ 11:03 AM

More tax advantages from incorporation for professionals, business owners Youngwomanlooking.jpg

In the first part of this article, I discussed the principle that allows a significant tax saving from incorporation. This occurs when the owner retains the income within the corporation. The corporate tax rate that is taken off this is very low, at the small business tax rate (12.2 per cent in Ontario). This means that there is much more capital to invest on which future compounding will occur than if it had been immediately received as personal income and taxed at the high personal marginal tax rate. ... [read more]

Thursday, November 05, 2020 @ 9:23 AM

Ontario cybersecurity panel could shape privacy and data security legislation, say lawyers Lyndsay Wasser sm

The findings of an expert panel on cybersecurity recently formed by the Ontario government could significantly influence future privacy and digital security legislation in the province, say two lawyers with expertise in the field. ... [read more]

Thursday, November 05, 2020 @ 8:23 AM

Mitigating litigation risks, enforcement actions for financial institutions plan_B_sm

The COVID-19 pandemic, and the economic volatility and uncertainty it has created, has heightened the attention placed on consumer protection in litigation and regulatory activity involving financial institutions (FIs). The economic impact of the pandemic has also increased the risk of corporate misconduct due to conflicts of interest and other business practices that do not put customer’s interests first. These areas are a source of litigation and regulatory enforcement action. ... [read more]

Wednesday, November 04, 2020 @ 4:28 PM

Conflict brewing over whether business interruption insurance can cover pandemic-related losses Tony Vecchio, Slater Vecchio

The COVID-19 pandemic forced many small businesses to shut their doors or significantly scale back their operations, which for most has meant a loss of income. But a fight is beginning to emerge over whether those businesses will be able to receive coverage under their insurance policies to cover the losses they have endured since March. ... [read more]

Wednesday, November 04, 2020 @ 1:51 PM

Tax reduction advantages from incorporation for self-employed Youngwomanwithaclipboard

There are many advantages to incorporation. One of the biggest of these is the very low corporate tax rate on what is called small business income, which also applies to professional income. Self-employed professionals who earn high incomes can significantly leverage the power of compounded investment returns and end up with a much higher net worth. ... [read more]

Wednesday, November 04, 2020 @ 1:40 PM

Lavery adds partner, three associates

Lavery Lawyers announced the arrival of four new professionals to its team. ... [read more]

Wednesday, November 04, 2020 @ 1:37 PM

Ontario set to ease COVID-19 restrictions in modified stage 2 areas, including Toronto

Ontario is loosening COVID-19 public health restrictions in the province’s so-called hot zones with the introduction of a multi-tiered system that will permit indoor dining and allow gyms to reopen under controlled conditions. The colour-coded COVID-19 response framework will move Peel Region, York Region and Ottawa into the Orange-Restrict classification effective Nov. 7 at 12:01 a.m., with Toronto following suit on Nov. 14, according to a Nov. 3 government news release. ... [read more]

Wednesday, November 04, 2020 @ 11:42 AM

Ontario Court of Appeal addresses insurance provision applicable to additional insureds Transformers

The Ontario Court of Appeal (the court) in Sky Clean Energy Ltd. v. Economical Mutual Insurance Company 2020 ONCA 558, recently addressed the availability of insurance coverage to an additional insured. The appellant in this case was the project owner (the owner), a developer of solar energy projects. The contractor was an electrical company. ... [read more]