PPSA – Know Your Security Registration
PPSA - Know your Security Registration The Personal Property Security Act (Ontario) (“PPSA”) (the “Act”), offers a complete set of regulations to control creditors’ and debtors’ rights when personal property…
Why a Section 85 Rollover is Recommended for Holding Companies
On the Roll Again – Why a Section 85 Rollover is Recommended for Holding Companies Section 85 rollovers are a preferred method of transferring assets from one entity to another…
Starting a business without commercial space
Starting a business without commercial space Securing commercial space is generally a prerequisite to operating a business. Zoning laws typically restrict setting up a commercial entity outside of a commercially…
Section 85 Rollovers
Section 85 Rollovers Brief Summary Section 85 of the Income Tax Act (“ITA”) is an important tool in the tax arsenal of corporations. It can be used in many instances…
Earn-outs
Earn-Outs It is not uncommon for purchasers and sellers to disagree on the price of a business. This is especially true today in the face of economic uncertainty resulting from…
Employment Insurance Eligibility for Corporate Shareholders
Employment Insurance Eligibility for Corporate Shareholders Employment Insurance eligibility while holding shares in a corporation Pandemic related restrictions forced a significant number of Canadians into unemployment. Out of work, many…
Officers’ Duties and Responsibilities Within a Canadian Private Corporation
Officers’ Duties and Responsibilities Within a Canadian Private Corporation There is a common breakdown of managerial power and control distributed within the organization of Canadian Private Corporations. Directors are in…
Due Diligence in M&A Transactions
Due Diligence in M&A Transactions What is Due Diligence? Due diligence in a catch-all term alluding to the process that buyers undertake to familiarize themselves with the business and assets…
