UPDATE: effective the evening of December 13th, 2018, the Ontario government has taken a different approach to the retail cannabis licensure process as a result of the legal cannabis supply shortage across Canada. In lieu of the unlimited number of applications that were to be accepted on December 17th, 2018, the regulator will be accepting …
What’s Old is New Again in Ontario with Bill 47’s Sweeping Employment Law Changes
On June 1, 2017, following two years of consultation, Ontario’s Liberal Government unveiled the Fair Workplaces, Better Jobs Act, 2017 (“Bill 148”), which introduced some of the widest-sweeping changes to Ontario’s employment legislation in the province’s history. The changes did not last long; less than one year after Bill 148 was passed, Premier Doug Ford’s …
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Key Considerations For A Franchisor Exit Strategy: The M&A Deal
Acquisitions of other businesses, to strategically grow an existing business or as a financial investment aimed at earning a good return, have been around since the beginning of modern commerce. However, historically, franchise companies grew organically, with traditional financing, as needed. Exit strategies for the entrepreneur-franchisor were often very low on the strategic plan. Today, …
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What Does a Business Setting Up in Canada Need to Know About Canada’s Tax Rules?
Canada’s tax rules are complex and subject to change. The information contained herein is not, and is not intended, to be a comprehensive overview of Canada’s tax system. Canada’s federal income tax system for businesses and individuals is governed by the federal Income Tax Act (Canada) (“ITA”) and its regulations. Businesses operating in Canada might also be affected by …
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The Top Trends in Cross-Border M&A: What to Watch For
In the first half of 2018, according to a report by PWC Canada, mergers and acquisitions (“M&A”) activity in Canada hit $93 billion. This is largely attributable to increased activity in the cannabis, technology, real estate and energy sectors. This trend is likely to continue for the rest of the year despite the current climate …
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What are The First Steps to Set Up a Business in Canada?
For many American or foreign businesses, the idea of setting up operations in Canada often evokes one of two very different reactions. Often, Canada is viewed by Americans as the fifty-first state (albeit a large and cold one); while others view their northern neighbour as very much a foreign country with foreign laws. The truth …
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The Economics of a Master Franchisee Deal Must Be Mutually Beneficial
Master franchising can be an effective strategy for growing your franchise system in a new territory or country. Paramount to the long-term success of a master franchise deal is ensuring that both master franchisor and master franchisee negotiate an agreement which is economically beneficial to both parties. Let’s look at some key elements that go …
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