New for 2023 Effective January 1, 2023, private companies incorporated in Ontario must establish and maintain a Register of individuals with significant control (“ISCs”). Significant Control means a direct or indirect interest in a significant number of corporation shares. Significant Number means shares carrying 25% or more of all voting rights or 25% or more …
Good News for Creators: Canada Extends Copyright Term
Just under the wire, before the end of 2022, Canada enacted a significant change to its copyright law. December 30 was fixed[1] as the day on which section 281 of the Budget Implementation Act, 2022, No. 1 came into force. The result: copyright protection under the Copyright Act of Canada was extended from 50 years …
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Entire Agreement Clauses Do Not Preclude Claims for Pre-Contractual Negligent Misrepresentations
In a recent decision, the Ontario Court of Appeal again held that an entire agreement clause in a contract is not a complete defence to claims involving pre-contractual misrepresentation claims. This decision comes on the heels of 10443204 Canada Inc. v. 2701835 Ontario Inc., 2022 ONCA 745, where the Court of Appeal ruled that an entire …
Toronto’s New Vacant Home Tax – Deadline Fast Approaching
Toronto’s New Vacant Home Tax is an annual tax that will be levied on vacant Toronto residences starting in 2023. The Bylaw supporting the new vacant home tax came into effect on January 1, 2022, and the tax will become payable in 2023. Background The Vacant Home Tax aims to help address the current housing …
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