A Simplification of Tax Planning Concepts
202004.28
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A Simplification of Tax Planning Concepts

We often hear numerous tax planning terms. In this article we are going to explore and provide answers to some questions regarding tax planning terms and strategies: What is a section 85 roll-over? What is a pipeline transaction? What are share reorganizations? What is a butterfly reorganization? What is a discretionary trust? What are flow-through…

Client Notes – CSA Gives Details on Virtual Meetings
202003.25
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Client Notes – CSA Gives Details on Virtual Meetings

On March 20, 2020, we sent out a client note summarizing some recent announcements made by the Canadian Securities Administrators (the “CSA”) in response to the impact of COVID-19 on market participants. Since that time, the CSA has published (i) more specific guidance relating to annual general securityholder meetings, and (ii) blanket orders which provide…

Client Notes – OSC Provides Regulatory Burden Task Force List of Actions
202002.10
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Client Notes – OSC Provides Regulatory Burden Task Force List of Actions

The OSC formed the Burden Reduction Task Force in November 2018 to enhance competitiveness by saving time and money for capital market participants. In undertaking the work, the OSC set out to achieve the following objectives: Make clear commitments to save market participants time and money Take swift action to identify and address as many…

Client Notes – OSC Update on Compliance and Registrant Regulation
201909.24
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Client Notes – OSC Update on Compliance and Registrant Regulation

The OSC Compliance and Registrant Regulation Branch (CRR) published the Summary Report for Dealers, Advisers and Investment Fund Managers (OSC Staff Notice 33-750) on August 8, 2019. The report provides information for exempt market dealers (EMDs), investment fund managers (IFMs), portfolio managers (PMs) and scholarship plan dealers. In Ontario, there are 1,053 firms registered in…

OSC Participation Fees May Be Decreasing For Some Issuers This Year – OSC 13-502 Amendments
201602.25
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OSC Participation Fees May Be Decreasing For Some Issuers This Year – OSC 13-502 Amendments

OSC Participation Fees Were Not Reflective of Current Market Cap On April 1, 2013 a revision to OSC Rule 13-502 came into effect which changed how OSC participation fees for reporting issuers were calculated. These changes included a concept called a “reference fiscal year” which was, in certain cases, deemed to be the participant’s last fiscal…

Private Placements – Reducing Your Cost of Capital
201602.25
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Private Placements – Reducing Your Cost of Capital

Capital Is Expensive Every company knows that raising money is expensive – even when utilizing private placements. If your a listed issuer you need to pay exchange fees (listing fees, maintenance fees and transaction based fees), audit fees, securities commission fees, agent commission & fees, transfer agent fees and legal fees – among many others. Raising…