Banking, Bankruptcy & Insolvency
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January 08, 2025
Ontario calls for comprehensive energy pact with United States amid tariff threats
Ontario Premier Doug Ford is proposing the creation of a Canada-United States working group made up of lawmakers and industry experts to align regulations that he says slow the building of cross-border energy infrastructure, including for transmission lines, interties and pipelines.
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January 08, 2025
Alberta Court of King's Bench denies time extension to appeal CCAA initial order
In a rare decision on the matter, the Alberta Court of King’s Bench has declined to grant certain debtor companies an extension of time to appeal an initial order under the Companies’ Creditors Arrangement Act (CCAA), finding that they had not established a bona fide intention to appeal within the statutory period.
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January 07, 2025
RCMP launches advisory group pilot to combat misconduct in capital markets
The Royal Canadian Mounted Police (RCMP) has established a National Special Advisory Group pilot program for its Integrated Market Enforcement Team (IMET), according to a release.
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January 06, 2025
Government bills die on order paper as Parliament prorogues, Justin Trudeau announces departure as PM
After more than nine years as Prime Minister of Canada, Justin Trudeau announced that Parliament is prorogued until March 24, 2025, and that he will step down as prime minister and leader of the Liberal Party of Canada once his successor has been chosen “through a robust nationwide competitive process.”
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January 06, 2025
B.C. Court of Appeal upholds return of aircraft order, clarifies legal test for replevin order
The B.C. Court of Appeal has upheld a replevin order requiring the return of an aircraft to its owner, rejecting arguments that an applicant seeking such an order is required to establish a risk of disposal of the property.
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January 03, 2025
Court rules in favour of BCSC to collect $36M in financial sanctions from stock fraudster
The British Columbia Securities Commission (BCSC) is hailing a legal victory in the wake of a court decision ordering a man to pay the regulator $36.7 million through annual payments from two of his registered retirement accounts.
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January 03, 2025
Dozens of Indigenous governments working to run their own child and family services
In the five years since enabling federal legislation came into force, 85 Indigenous governments, representing more than 110 communities across Canada, have given notice to exercise their jurisdiction over child and family services or have made requests to enter into discussions about entering coordination agreements with the federal government, according to Indigenous Services Canada (ISC).
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January 02, 2025
Feds announce 2025 automobile deduction limits and business expense benefit rates
The federal Department of Finance has announced the 2025 automobile income tax deduction limits and expense benefit rates to apply effective Jan. 1, increasing the ceiling for capital cost allowances (CCA) among other changes.
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January 02, 2025
Ottawa to extend deadline for 2024 charitable donations to Feb. 28, 2025
Aiming to minimize the negative impact on Canadian charities of the recent postal strike, Ottawa has announced that it will introduce legislation to extend by two months the usual Dec. 31, 2024 deadline for making charitable donations eligible for a tax credit in the 2024 tax year.
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December 20, 2024
Trudeau unveils new cabinet with strong legal background as NDP threatens confidence vote
With his faltering government facing a non-confidence motion as early as Jan. 27, Prime Minister Justin Trudeau has introduced eight new cabinet ministers whose tenure may last only weeks.