Business
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April 24, 2024
New regulations to disallow B.C. strata corporations to defer depreciation reports indefinitely
The B.C. government has announced that new regulations will allow strata owners to have more “certainty and consistency around the repair and maintenance of common property” by closing a loophole that “allowed strata corporations to indefinitely defer depreciation reports.”
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April 24, 2024
Demystifying the share purchase process
When it comes to acquiring or selling a business, there are two primary paths: a share purchase or an asset purchase. This article aims to shed light on and provide a high-level overview of the share purchase process.
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April 24, 2024
Circumstances surrounding firearm cited in reversal of acquittal
Unlike the portrayal of American justice in popular media, when a defendant is acquitted at trial once and for all, the Canadian legal system operates with a somewhat different approach. It is unusual for an acquittal to be set aside on appeal, but it sometimes happens. This necessitates the Crown demonstrating a significant error in law that substantially impacted the acquittal. This distinctiveness of our legal system might surprise many.
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April 23, 2024
B.C. puts health-care cost recovery bill on hold, will convene online safety action table
The B.C. government has put the brakes on controversial health-care cost recovery legislation it introduced to great fanfare last month, announcing plans to convene a round table with social media giants to take action on online harms.
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April 23, 2024
N.S. gets new justice minister amid comments controversy
Nova Scotia has a new justice minister following the sudden resignation of Brad Johns, who stepped down after making controversial comments about domestic violence.
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April 23, 2024
Proposed takeover could harm grain-purchasing and canola oil markets: Competition Bureau
The proposed acquisition of leading Canadian grain handling business Viterra Limited by the Canadian arm of international agribusiness and food giant Bunge Global SA would have substantial anti-competitive effects, including a significant loss of rivalry between the companies in the agricultural markets they operate in, the Competition Bureau has determined. .
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April 23, 2024
Feds appoint Industrial Inquiry Commission on West Coast ports’ long-shoring disputes
Federal Minister of Labour Seamus O’Regan Jr. has announced the appointment of an Industrial Inquiry Commission regarding the underlying issues present in long-shoring labour disputes at the ports on the West Coast.
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April 23, 2024
Tax tips for Canadian entrepreneurs and startup companies
Embarking on a new business endeavour is an exciting venture, yet it carries a myriad of responsibilities, particularly in the realm of tax management. Understanding the nuances of the Canadian tax landscape is of paramount importance for new businesses and entrepreneurs given its profound influence on the financial well-being and prosperity of a business. This article will explore tax planning strategies tailored to new Canadian businesses, exploring the various types of business structures as well as leveraging startup tax credits.
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April 23, 2024
B.C. Court of Appeal upholds order referring ad price-fixing dispute against Google to arbitration
The B.C. Court of Appeal has upheld a lower court decision favouring arbitration of a proposed class action against internet giant Google over allegations that it engaged in anti-competitive practices to artificially maintain the price of Google search ads above competitive market rates.
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April 23, 2024
When your letter of credit is ‘on demand’
Other than cash, a standby letter of credit (LoC) is generally considered the most liquid form of performance security. Accordingly, one would assume that where a party who delivered an LoC has breached the applicable contract, drawing down on the LoC should be as simple as the other counterparty walking down to the bank and asking for the cash, right? It might not be so simple anymore. This issue was addressed in Pacific Atlantic Pipeline Construction v. Coastal Gaslink Pipeline Ltd., 2023 ABKB 736.