Insights

The practice of law is changing every day, and the effect of changing legislation on businesses is significant. We write about recent developments in the world of tax & business law, keeping a watchful eye on the changing landscape for our clients. See what we’re thinking about, and what your business should be looking out for.

Business Law

Basic Principles of Contract Interpretation

This blog summarizes, at a very high level, the basic principles of contract interpretation. The Goal – Reflect Intention of the Parties To help the court find “an interpretation that...

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Business Law

Best Efforts, Reasonable Efforts, Commercially Reasonable Efforts or Reasonable Best Efforts?

What is the standard of effort that a contracting party must meet in order to satisfy its obligations under a contract?   That will depend on the language of the...

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Business Law

OSC Finalizes Disclosure Rule on Gender Diversity

The Ontario Securities Commission (“OSC”), together with most of the other securities commissions in Canada, announced that they have finalized a new disclosure rule that will require issuers listed on...

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Tax Law

The Taxation of Employee Stock Options

Employers offer a variety of different forms of stock incentive compensation.  An understanding of the relevant tax rules is essential in designing incentive plans that meet the needs of both...

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Business Law

ASC Prosecution and Settlement in Daylight Case Sets Troublesome Threshold For Insiders

On August 1, 2013, the Alberta Securities Commission (ASC) announced that it had concluded a settlement with former Daylight Energy Ltd. (Daylight) President and CEO Anthony Lambert (Lambert) related to...

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Tax Law

Rule Changes Target Personal Service Businesses

If you provide services through a corporation, or employ such persons, you should be aware that recent legislative changes have dramatically increased the tax risks of such arrangements. According to these...

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Tax Law

IRS Extends Offshore Voluntary Disclosure

On January 9, 2012 the United States Internal Revenue Service (“IRS”) announced the indefinite extension of the 2011 Offshore Voluntary Disclosure Initiative (“OVDI”). Because Canada is the great neighbour to...

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Business Law

Timing is Everything: Public Disclosure Obligations in M&A Transactions

Increased volatility in the financial markets and overall economic uncertainty continue to affect corporate planning and go-forward strategies. The drive to increase shareholder value may cause management to seek out...

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