Business
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March 26, 2026
Estate law: Capital gains exemption and qualified small business corporation shares
Canadian taxpayers are currently afforded a cumulative lifetime exemption on capital gains realized from the sale of qualified small business corporation shares and on a qualified farm property or a qualified fishing property. A deduction on capital gains realized from any such sale(s) is permitted, up to the exemption amount, which as of June 25, 2024, was increased from $1,016,836 to $1,250,000, indexed for inflation. The new amount applies to sale(s) that take place after that date.
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March 26, 2026
Federal Court imposes solicitor-client costs over AI-hallucinated case law filing
The Federal Court has sharply criticized a national Indigenous fisheries organization for relying on AI-hallucinated case law and ordered it and its in-house counsel to pay solicitor-client costs while dismissing its motion for an extension of time to seek judicial review.
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March 26, 2026
History of museum’s collection frames looted art claim
The Metropolitan Museum of Art (the Met) was founded in 1870 by a group of prominent New Yorkers including businessmen, financiers, artists and philanthropists. Their objective was to bring fine art and art education to the American public, having been inspired by Europe’s great museums, with initial acquisitions being comprised of European Old Master paintings.
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March 26, 2026
Rethinking community self-defence: Should Ontario permit civilians to carry firearms?
A terrorist with explosives and a rifle rammed his truck into Temple Israel synagogue in Michigan. He planned to kill the Jews in the building. The attacker was fatally shot by armed security guards. Had this happened in Ontario, the synagogue’s staff, teachers and 140 children in the preschool very likely would have been either murdered or terribly injured because civilian security staff and volunteers here are not permitted to carry firearms.
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March 26, 2026
CIVIL PROCEDURE - Pleadings - Counterclaim, cross-claim and set-off
Appeal by RIP Defendants from the portion of a decision that struck their plea of equitable set‑off in the Dunn Action on the basis that it was barred by the Limitations Act. Cross‑appeal by Dunn from the judge’s obiter conclusion that equitable set‑off would have been available if not time‑barred. The RIP Action and Dunn Action arose from a breakdown in the parties’ liquor‑store development ventures.
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March 25, 2026
Dentons welcomes Kristyn Annis as partner
Dentons has added Kristyn Annis as a partner in its Toronto office, joining the corporate and energy groups.
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March 25, 2026
Feds announce new EI Board of Appeal to begin work on April 1
On March 25, the federal government announced that the new Employment Insurance Board of Appeal (EI BOA) will begin receiving and hearing appeals as of April 1, 2026.
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March 25, 2026
Alain Paquet joins Lavery as senior associate
Lavery has added Alain Paquet as senior associate in its civil and commercial litigation group.
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March 25, 2026
Court dismisses former immigration officer’s vexatious litigant appeal
The Federal Court of Appeal has dismissed the appeal of a former immigration officer who had his licence revoked and was deemed a vexatious litigant.
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March 25, 2026
Competition Bureau clears Welltower’s acquisition of 34 retirement homes subject to divestiture
The Competition Bureau has reached a consent agreement with Welltower OP LLC, allowing the company to proceed with the acquisition of 34 retirement home properties on the condition that it sell four retirement homes from its existing portfolio.