Business
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November 22, 2024
Privacy reform update: Focus on Bill C-27
Initiatives to reform privacy laws in Canada have progressed significantly. However, they remain, at the national level at least, an unfulfilled promise. The most significant (and potentially impactful) reform now in place is found within Quebec’s revised private sector law, Law 25, which, as of this past September, is fully in force. On the other hand, the major overhaul of the current federal private sector law, the Personal Information Protection and Electronic Documents Act (PIPEDA), is stalled in Committee and is not likely to be in force, even if passed, before the next election.
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November 22, 2024
More audit powers to CRA? Combatting ITC fraud without turning taxpayers into villains
The 2024 Federal Budget introduces important tax proposals that amend the Income Tax Act and strengthen the Canada Revenue Agency’s (CRA) audit and compliance powers. The additional powers could be vital for enhancing tax collection and curbing GST/HST fraud, including Carousel fraud, which exploits cross-border trade to falsely claim Input Tax Credits (ITC), and Accommodation Invoice fraud, involving bogus invoices for fictitious transactions.
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November 21, 2024
Tribunal to continue anti-dumping orders on foreign steel sheets, pea protein
The Canadian International Trade Tribunal has found injury to the economy from the expiry of an order on corrosion-resistant steel sheets from China, Taiwan, India and Korea and from certain pea protein from China.
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November 21, 2024
Federal government announces 2-month GST ‘holiday’ and new rebate for workers
The federal government has announced new measures to give Canadians “more money in their pocket” through new GST/HST exemptions applicable across the country and a new rebate for working Canadians.
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November 21, 2024
OSFI quarterly release confirms change to mortgage stress test, offers risk-management updates
Canada’s federal banking regulator has issued a series of regulatory notes and guidelines on risk management, mortgage standards and reduced regulations as part of its quarterly release pilot.
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November 21, 2024
Ontario announces $2B WSIB rebate for businesses
The Ontario government has announced Workplace Safety and Insurance Board (WSIB) rebates and fee reductions for businesses and workers that it says could total more than $2.5 billion starting in February of next year.
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November 21, 2024
Legislation needed to provide fiduciaries access to digital assets: Law reform report
According to Statistics Canada, more Canadians than ever before are adopting “a smarter and more connected lifestyle,” with Internet use amongst Canadians over the age of 14 in 2022 reaching 95 per cent.
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November 21, 2024
Addressing AI bias and discrimination: A critical path to responsible AI
As artificial intelligence (AI) technologies become increasingly integrated into various aspects of our lives, the imperative to address AI bias and discrimination has never been more critical. These issues pose significant risks to privacy, human rights and the equitable application of technology across society. This article explores the risks associated with AI bias and discrimination, outlines best practices for mitigating these biases and examines regulatory expectations in line with the Office of the Privacy Commissioner of Canada’s (OPC) principles and existing legislation.
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November 21, 2024
Context matters: Ontario court again refuses to dismiss for delay under s. 29.1
The Ontario Superior Court of Justice in McRae-Yu v. Profitly Incorporated et. al., 2024 ONSC 5615 (McRae-Yu), continued the recent trend of refusing to dismiss a proposed class action for delay under section. 29.1 of the Class Proceedings Act, 1992. The motions judge in McRae-Yu underscored that s. 29.1 is not a “zero-tolerance” regime designed to “catch plaintiffs out.”
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November 20, 2024
OSC announces shift of some registration functions to CIRO, strategic priorities for 2025-26
The Ontario Securities Commission (OSC) has announced plans to shift some registration functions to the Canadian Investment Regulatory Organization (CIRO), and other provincial and territorial securities regulators may follow.