Publications
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The Government of Canada extends the Mineral Exploration Tax Credit for an additional year
On March 28, 2024, the Department of Finance Canada announced a one-year extension to the 15% Mineral Exploration Tax Credit (“METC”) available to investors in flow-through shares. The extension means that the METC will be effective until March 31, 2025. This announcement came at a time when (…)
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IIROC White Paper — Proposed changes to the current structure for distributing mutual funds in Canada
On November 25, 2015, the Investment Industry Regulatory Organization of Canada (IIROC) published a White Paper for consultation. It is seeking comment on two proposals which, if approved and implemented, would change the current structure for distributing mutual funds in Canada. A “restricted (…)
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The TSX Venture Exchange reaches out to the VC community
The TSX Venture Exchange (the “TSX-V”) has released a white paper which describes how it intends to become an attractive public market for early-stage companies from fast-growing sectors such as technology, clean technology, renewable energy and life sciences (the “high-growth sectors”) and how it (…)
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Crowdfunding: Enhanced capital raising opportunities for startups
Equity crowdfunding will soon have a new framework in which to operate in Canada and this is excellent news for investors and startups alike. On November 5, 2015, the Canadian Securities Administrators announced that regulatory authorities in Manitoba, Ontario, Quebec, New Brunswick and Nova Scotia (…)
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Your investors : Who are they?
New requirements for private placements (“Regulation 45-106”) Obligation to know your investor well Issuer’s obligations: Ask questions Verify the investor’s declared income and assets Confirm the relationship between the investor and the issuer Obtain proof of the investor’s status Keep (…)
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Proposal for new TSX listing requirements for ETFs, closed-end funds and structured products: codification of existing practices
On January 15, the Toronto Stock Exchange (the “Exchange”) published proposed amendments to the Toronto Stock Exchange Company Manual (the “Manual”). More specifically, a completely new section will be added to the Manual (Part XI) for determining the minimum listing requirements to be met by (…)
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Legal newsletter for business entrepreneurs and executives, Number 21
CONTENT Overview of the Proposed Rules Respecting Equity Crowdfunding Trademarks in the English Language on Pubilc Signs and PostersOVERVIEW OF THE PROPOSED RULES RESPECTING EQUITY CROWDFUNDINGJosianne BeaudryIn 2013, the Autorité des marchés financiers (AMF) launched a consultation on equity (…)
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Legal newsletter for business entrepreneurs and executives, Number 18
CONTENTS Easing the financing rules while waiting for crowdfunding Avoiding disputes by entering into a shareholders’ agreement Tenth anniversary of Bill 72 : Land protecton and rehabilitationEASING THE FINANCING RULES WHILE WAITING FOR CROWDFUNDINGJosianne BeaudryThere is no doubt (…)
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An unprecedented decision of the Court of Appeal: a judgment authorizing a class action under the Securities Act may be appealed
INTRODUCTIONOn July 17, 2013, the Court of Appeal issued an unprecedented judgment in Quebec in the case of Theratechnologies inc. v. 121851 Canada inc.1 Justice Clément Gascon, writing for the court, held, in a unanimous decision, that a judgment having authorized a class action for damages under (…)
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Quarterly legal newsletter intended for accounting, management, and finance professionals, Number 13
Engaging in Activities as a Dealer or Adviser: Am I Required to Register? A Corporation’s Unanimous Shareholder A greement Now A vailable to its Creditors Invoices of Convenience and Accommodation The Importance of Written Contracts Respecting Intellectual Property or the Art of (…)
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Quarterly legal newsletter intended for accounting, management, and finance professionals, Number 1
Unexpected tax consequences - Is rectification or nullification possible? Shortage of manpower? Penalties on third parties - Something that concerns you! Requirement for reporting issuers to publicly disclose certain material contracts
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Taking Your Company Public: Sounds Interesting?
Taking Your Company Public: Sounds Interesting?
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Important Development Relative to Private Placements in Quebec: Availability of the Accredited Investor Exemption for Quebec Investors
Important Development Relative to Private Placements in Quebec: Availability of the Accredited Investor Exemption for Quebec Investors