Article(s) published by this organization: 150
 | Important Canadian Regulatory Changes Affecting Insurance Branches Frank Palmay; Lang Michener LLP; October 26, 2009, previously published on October 20, 2009 Although both provincial and federal authorities can incorporate insurance companies in Canada, most insurers and all branches are federally regulated. The federal legislation is overhauled every five years. The last such overhaul in 2007 both clarified and amended the regulations for branches in a... |
| "Dark as a Dungeon and Damp as the Dew..." The Supreme Court of Canada Evaluates Insurance Policy Exclusions for Loss Occasioned by "Faulty or Improper Design" Hartley Lefton, Peter E.J. Wells; Lang Michener LLP; October 26, 2009, previously published on October 20, 2009 A recent judgment by the Supreme Court of Canada ("SCC") has clarified the standard necessary for the "faulty or improper design" insurance exclusion to apply. Typically, this exclusion will relieve an insurer from providing indemnity for a loss resulting from design problems... |
| Full Disclosure - Proposed Changes to Mutual Fund and Segregated Fund Sales Denno Chen, Hartley Lefton; Lang Michener LLP; October 26, 2009, previously published on October 20, 2009 The Joint Forum of Financial Market Regulators is a representative committee of financial regulators from across the country, including representatives of pension supervisory authorities, insurance regulators and securities administrators. The forum recently assessed disclosure of mutual funds and... |
| New Registration Requirements and Exemptions in Canada for Investment Dealers, Advisors and Fund Managers: National Instrument 31-103 Registration Requirements and Exemptions Sean O'Neill; Lang Michener LLP; October 16, 2009, previously published on October 15, 2009 The new National Instrument 31-103 Registration Requirements and Exemptions ("NI 31-103") expected to take effect across Canada on September 28, 2009 is intended to harmonize Canadian registration requirements for firms and individuals who sell securities (and exchange contracts in some... |
| Update on HudBay and Lundin: TSX Rule Amendments Regarding Shareholder Approval Jeremy Shelford; Lang Michener LLP; October 16, 2009, previously published on October 15, 2009 Following the decision of the Ontario Securities Commission (the "OSC") regarding the proposed merger transaction between HudBay Minerals Inc. ("HudBay") and Lundin Mining Corporation ("Lundin"), on September 25, 2009 the Toronto Stock Exchange (the "TSX")... |
| Lang Michener Tax Tips -- Tax-Free Savings Account and Employee Stock Options Lang Michener LLP; October 16, 2009, previously published on October 14, 2009 Taxpayers have generally avoided contributing public company employee stock options to a registered retirement savings plan (RRSP). This is because the contribution to the RRSP does not shelter the employee from the taxable employment benefit personally, and additional tax would be payable if the... |
| Proposed Director Election Policy Change Stephanie White; Lang Michener LLP; October 16, 2009, previously published on October 15, 2009 In a recent open letter to all companies listed on the Toronto Stock Exchange ("TSX"), RiskMetrics Group announced a proposed change to its policy with respect to director elections. |
| CSA Review of CEO and CFO Certifications John Conway; Lang Michener LLP; October 2, 2009, previously published on September 29, 2009 The Canadian Securities Administrators (CSA) released the results of their review of issuers' compliance with the CEO and CFO certification rules found in National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings (the Instrument). The review, which involved over... |
| Lang Michener Tax Tips -- Challenge to Traditional Thinking about the Residence of a Trust Lang Michener LLP; October 2, 2009, previously published on September 30, 2009 A recent Tax Court of Canada case (Garron) challenges traditional thinking about the residence of a trust. If the decision is upheld on the appeal, which is almost certain to follow, both off-shore and inter-provincial tax planning designed to take advantage of lower income tax rates through the... |
| Lang Michener Tax Tips -- GST Input Tax Credits and Assumed Liabilities Lang Michener LLP; October 2, 2009, previously published on September 17, 2009 On a business transfer implemented as an asset purchase, the buyer will often assume business liabilities arising in the normal course up to the time of closing. Where these assumed liabilities include a GST component, special issues must be taken into account. |
