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- Overview of Real Estate Emergency Pandemic Measures (Updated July 2020)
Recent Updates - July 7, 2020: Updates reflect the changes in Ontario, Alberta and British Columbia, as some regular court operations begin to re-open. This update also includes the extension of British Columbia's State of Emergency to July 7, 2020.
- 2020 Agreement for Multi-Jurisdictional Pension Plans Comes into Force
The 2020 Agreement Respecting Multi-Jurisdictional Pension Plans (2020 Agreement) between the governments indicated below came into effect on July 1, 2020. It governs the administration and regulation of multi-jurisdictional pension plans, which are plans that have members in more than one jurisdiction.
- Publication d’un projet de règlement pour les régimes de pension et les régimes de congé à traitemen
Dans le cadre du Plan d’intervention économique pour répondre à la COVID-19 du gouvernement du Canada (le « gouvernement »), le ministère des Finances a annoncé, le 2 juillet 2020, la publication d’un projet de règlement modifiant le Règlement de l’impôt sur le revenu (le « projet de règlement »). Ce projet de règlement a pour but de prêter main-forte aux employeurs qui sont promoteurs d’un régime de pension agréé (un « RPA ») ou d’un régime de congé à traitement différé (un « RCTD ») pendant la pandémie de COVID-19, en offrant un allègement temporaire de diverses règles d’enregistrement et d’autres conditions en vertu de la Loi de l’impôt sur le revenu.
- Droit des valeurs mobilières, « nouvelle normalité » et deuxième vague possible : à quoi peut-on s’a
Alors que les restrictions liées à la COVID-19 commencent à être levées et que nous nous dirigeons vers une « nouvelle normalité » à court et moyen terme, les sociétés devraient tenir compte de certaines questions relevant du droit des valeurs mobilières dans les semaines et les mois à venir. Ces questions comprennent les répercussions de la pandémie sur les obligations d’information et sur les assemblées d’actionnaires futures.
- Updates to government sponsored benefit programs: CEWS, CERB, and CEBA
On May 15, 2020, the Canadian government announced that the CEWS will be extended for an additional 12 weeks, until August 29, 2020. The CRA has now confirmed the dates for the three additional claim periods that will extend over the summer: June 7, 2020 to July 4, 2020; July 5, 2020 to August 1, 2020; and August 2, 2020 to August 29, 2020.
- CIPO Pandemic Response: Update July 2020*
The Canadian Intellectual Property Office (CIPO) has now updated its Service and Website Interruptions page to inform the public of new deadline extensions in response to the ongoing health crisis.
- Alberta’s Recovery Plan
The Government of Alberta has launched its long-term plan for economic recovery from the effects of the COVID-19 pandemic and the historic fall in oil prices. Alberta’s Recovery Plan is the province's strategy to invest in infrastructure, diversify the economy and create jobs. The government says Alberta’s Recovery Plan is a work in progress and details of each policy initiative will be released in the coming days and weeks.
- Entrée en vigueur de l’entente de 2020 sur les régimes de retraite multijuridictionnels
L’Entente de 2020 sur les régimes de retraite relevant de plus d’une autorité gouvernementale (l’« Entente de 2020 ») intervenue entre les gouvernements indiqués ci-après est entrée en vigueur le 1er juillet 2020. Elle régit l’administration et la réglementation des régimes de retraite relevant de plus d’une autorité gouvernementale, aussi appelés régimes de retraite multijuridictionnels, lesquels comptent des participants dans plusieurs juridictions.
- Draft Pension and Deferred Salary Leave Tax Regulations Released
As part of the Government of Canada’s (Government) COVID-19 Economic Response Plan, the Department of Finance Canada announced on July 2, 2020, the release of proposed draft regulations—by way of amendment to the Income Tax Regulations (Draft Regulations)—that are intended to assist sponsors of registered pension plans (RPPs) and deferred salary leave plans (DSLPs) during the COVID-19 pandemic, through the provision of temporary relief from certain Income Tax Act registration requirements and other requirements under the Income Tax Act.
- Heller v Uber: The Supreme Court finds arbitration clause unconscionable and establishes new test for determining when to stay litigation in favour of arbitration
On June 26, 2020, the Supreme Court of Canada (SCC) released its highly anticipated decision in Heller v Uber, 2020 SCC 16 [Heller]. Uber had applied for a stay of this proposed class action in favour of arbitration. The court of first instance had granted the stay, which the Ontario Court of Appeal set aside. The SCC upheld the Court of Appeal’s decision, concluding that the arbitration clause was invalid as it was unconscionable: (i) Mr. Heller was powerless to negotiate the terms of the contract; (ii) there was a gulf in sophistication between Mr. Heller, a food deliveryman, and Uber, a large multinational corporation; (iii) the arbitration agreement contained no information about the costs of mediation and arbitration in the Netherlands; (iv) those costs, US$14,500, that Mr. Heller needed to pay up front, constituted a hurdle to relief in that they represented close to Mr. Heller’s annual income; and (v) arbitration here was thus only “illusory.” Justice Côté, in dissent, would have granted the stay on condition that Uber pay the necessary arbitration fee.
- Proposed National Instrument 51-103: CSA Proposes to Simplify Venture Issuer Regulation
On May 31, 2010, the Canadian Securities Administrators (the “CSA”) released a consultation paper detailing a proposal to overhaul the securities regulatory regime applicable to venture issuers (other than issuers that fall within the definition of “venture issuer” under securities legislation by...
- Oh Canada - Significant Developments in Canadian Energy - September 2011
In This issue • Oil Sands • East Coast News • West Coast News • Canadian Arctic News • Alternative Energy • On the Horizon Excerpt From: Oil Sands&...
- The Hollinger Sealing Order – Using The Sierra Club Test To Protect Settlement Privilege
In a recent decision released in the Hollinger Inc Companies' Creditors Arrangements Act (CCAA) proceeding, the Ontario Court of Appeal upheld a sealing order that protects from public disclosure the settlement amounts to be paid by Torys LLP and KPMG LLP under their respective settlement...
- National Angel Summit 2011 A Success
By all accounts, last week's 2011 National Angel Summit in Ottawa was a big success. Over 250 delegates attended the Summit which was organized by the National Angel Capital Organization. Angels heard from a variety of speakers and panelists including an inspiring and statistics-laden talk from...
- The Frontier of IP (Part 2)
Trade-marks traditionally protect visible brands - a design, word or slogan. The brand that is visible on packaging or advertising is like a tool to assist consumers so they know, when they consider a purchase, who stands behind the product or service. So why can’t these indicators or “tools” be...
- Focus on Franchise Law - January 2012
In This Issue: 1 The Quebec Court of Appeal Just Rendered an Important Judgment Regarding Franchisees’ Rights and Recourses in Case of Territorial Encroachment 2 Launching of a New Book on the Management of the Franchisors- Franchisees Relationship ...
- Final Arguments Conclude in Transfer Pricing Case in the Tax Court of Canada – McKesson Canada Corporation v. The Queen
The most recent Canadian transfer pricing trial concluded on February 3, 2012 after four days of argument in the Tax Court of Canada in Toronto. This marked the conclusion of a trial that commenced on October 17, 2011. At issue before Justice Patrick Boyle is whether the agreed-upon discount rate...
- Focus on Corporate Governance - February 2012
In This Issue: 1 Board Minutes for Peace of Mind 2 The “Front Page of the Newspaper” Test 3 Keep the Purposes Front and Centre 4 Draft to Minimize Unnecessary Production 5 Draft to Protect...
- The Quebec Superior Court’s Recent Judgment in Stereo Plus v. 140 Greber Holding: Shedding Light on Penalty and Legal Expenses Provisions in Franchise Agreements*
*Important Note: FMC (Mr. Stéphane Teasdale and Ms. Mélanie Jacques) represented Distribution Stereo Plus Inc. in this case. On January 13th, in the case of Distribution Stereo Plus Inc. c. 140 Greber Holding Inc. 1, the Quebec Superior Court reaffirmed that penalty...
- Court confirms IIROC's jurisdiction over investment dealer members
Introduction The Ontario Divisional Court's recent decision in Deeb v IIROC, 2012 ONSC 1014 (CanLII) will be of interest to securities law practitioners with clients operating in Ontario, as it speaks to the ability (or inability) of respondents to circumvent the disciplinary...