Business
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November 25, 2024
Ontario Superior Court rules limited partners cannot cause partnership to make cash distributions
Parties contemplating the formation of a limited partnership in Ontario should consider the implications of a recent decision by the Ontario Superior Court of Justice in Anthony v. Binscarth Holdings GP Inc., [2024] O.J. No. 1580. The court in Anthony considered limited partners’ entitlement to annual cash distributions, and specifically, their ability to cause the general partner to pay such distributions. The court’s analysis provides the following key insights which prospective limited partners and general partners alike should consider when negotiating limited partnership agreements:
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November 25, 2024
Law360 Canada Pulse survey: majority of lawyers say they are satisfied with their jobs
A recent survey of lawyers is indicating overall satisfaction with many aspects of the profession, despite some lingering concerns about things like stress and compensation.
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November 22, 2024
Maple Leaf Foods sues Canada Bread over defamation related to bread price-fixing case
Maple Leaf Foods Inc. (MLF) has filed a defamation lawsuit against Canada Bread Co. Ltd. and its parent company, Grupo Bimbo.
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November 22, 2024
CRTC launches three consultations on proposed cellphone and Internet service improvements
Canada’s telecommunications and broadcasting regulator is seeking public comment in an ongoing effort to improve pricing, choice and service in the cellphone and Internet markets.
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November 22, 2024
Securities regulators propose amendments to increase system fees over 5 years
The Canadian Securities Administrators (CSA) have published proposed amendments to Multilateral Instrument 13-102 System Fees for comment, with the intention to “better align system fee revenues with projected national systems operating costs.”
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November 22, 2024
Ontario's top court issues key ruling on arbitrators' duty of disclosure, restores $10M award
Ontario’s top court has ruled that an arbitrator who didn’t disclose that he was engaged by counsel for one of the parties to an ongoing arbitration to serve as an arbitrator in another unrelated matter did not breach the legal duty of disclosure.
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November 22, 2024
Tax authority permitted to make assumptions of fact that are presumed true: B.C. Court of Appeal
B.C.’s top court has issued a pair of rulings that say that a taxing authority is permitted to make assumptions of fact that are presumed true unless the taxpayer disproves them.
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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.