Banking, Bankruptcy & Insolvency
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March 03, 2025
Feds launch Joint Operational Intelligence Cell to further strengthen border protection
The federal government has announced its launch of the Joint Operational Intelligence Cell (JOIC), which brings together Canadian security departments, agencies and law enforcement to enhance border protection.
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March 03, 2025
Consumer and business bankruptcies continue rising, reports bankruptcy superintendent
The first bankruptcy figures for 2025 show that Canadian consumers and businesses are continuing to struggle financially amid the “persistently high cost of living and mounting household debt,” says the Canadian Association of Insolvency and Restructuring Professionals (CAIRP).
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March 03, 2025
Ontario court approves $8.5M class action settlement regarding TD trailing commissions
The Ontario Superior Court of Justice has approved an $8.5 million class action settlement with TD Asset Management Inc. to resolve claims alleging that trailing commissions it paid were excessive or unearned.
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February 28, 2025
FINTRAC publishes new guidance and report form for terrorist-affiliated and sanctioned property
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has published new guidance and a new report form for businesses that are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to report terrorist and sanctioned property-related information.
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February 27, 2025
Ontario Court of Appeal: Vendor liable for pre-sale taxes despite post-sale quantification
The Ontario Court of Appeal has held that outstanding municipal tax liabilities that arose before the sale of a property under an approval and vesting order — but were only quantified after the sale — were the responsibility of the vendor.
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February 27, 2025
IRCC unveils Express Entry category draws for economic immigration, plans more in-Canada draws
Immigration Minister Marc Miller has announced the 2025 Express Entry categories, which include a new education category, with the aim of better aligning the selection of federal economic immigrants with Canada’s long-term labour shortages.
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February 26, 2025
Nova Scotia tables legislation opening ‘free trade’ with other provinces, territories
With the Trump tariffs looming, Nova Scotia has introduced pioneering legislation that would create “free trade” with participating provinces and territories. On Feb. 25, Nova Scotia’s government introduced the Free Trade and Mobility within Canada Act — a “first of its kind in the country” that “will help foster an environment of mutual recognition of goods, services and labour mobility across all sectors,” states a news release.
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February 26, 2025
SCC halts use of its ‘X’ account ‘for now,’ citing ‘strategic priorities and resource allocation’
In a move that has sparked controversy in Canada and beyond, the Supreme Court of Canada tells Law360 Canada that “for now” it will no longer use its official account on X, the social media platform owned by Elon Musk, a high-profile billionaire associate of U.S. President Donald Trump.
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February 26, 2025
Women & 2SLGBTQI+ applicants came out ahead as ‘highly recommended’ for federal benches in 2023-2024
Asserting his new administration is “ending illegal discrimination and restoring merit-based opportunity,” U.S. President Donald Trump recently issued controversial executive orders banning diversity, equity and inclusion policies and hiring at the federal level in America. But in Canada, the most recent demographic statistics on federal judicial appointments and the professional competence and character assessments made by the Trudeau government’s non-partisan judicial advisory committees (JACs) indicate that diversity has gone hand in hand with “merit.”
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February 21, 2025
Canada opens door to more people impacted by Sudan’s civil conflict
Canada will resettle more refugees affected by the internal conflict in Sudan over the next two years and increase the spaces available under the family-based permanent residence pathway, the minority Liberal government says.