Posted May 11, 2021 by Raymond G. Leclair

There are multiple scenarios whereby fraudsters will attempt to have you wire funds to a different account than the one that you had intended to fund. Unfortunately, some of those attempts are successful. LAWPRO has received such claims and heard of many others. Here are some tips to assist you if such a fraud happens… Read More »

Posted April 3, 2024 by Safiyya Vankalwala

Your trust account is not a bank account, and you are not a banker. LAWPRO has seen instances where lawyers appear to be using their trust accounts to flow money in and out without doing any legal work. What Your Trust Account Is Not A backdoor bank account: Your trust account is not a workaround… Read More »

Posted March 20, 2024 by Raymond G. Leclair

Article highlights: 1.For funds to be truly irrevocable, you need a PCRN. Anything else is a risk. 2.“On-Us” funds (e.g. when the payee and the payor are at different branches of the same financial institution) are safe and you can proceed. 3. Just because a bank releases your funds – even after a hold period… Read More »

Posted March 7, 2024 by LAWPRO

As per the Notice to the Profession, dated February 20, 2024, the May and November 2024 civil trial sittings have been eliminated. The sittings in 2025 will also be eliminated. In their place, Central East region will run a Civil Blitz starting September 9, 2024, which will run for 5 weeks. Another Civil Blitz will… Read More »

Posted February 28, 2024 by LAWPRO

Today, February 28, 2024, the Ministry of the Attorney General of Ontario has informed the public and the profession that administrative dismissals of Superior Court civil actions that have not been set down for trial within 5 years, or have been struck off a trial list and have not been restored within 2 years of… Read More »

Posted February 20, 2024 by Safiyya Vankalwala

[Updated March 28, 2024] This year’s tax filing season may be looking different for some people and corporate entities due to new trust reporting rules. These changes, while presenting challenges, also offer legal professionals an opportunity to educate their clients. Overview Previously, trusts were only required to file a T3 Trust Income Tax and Information… Read More »

Posted February 6, 2024 by LAWPRO

The federal government has announced that it is extending the non-Canadian purchase prohibition for another two years to January 1, 2027. See more details here.

Posted January 4, 2024 by Safiyya Vankalwala

You may have already set this year’s New Year’s resolutions, but it’s never too late to amend, add, or rethink what your aspirations for the upcoming months are. Setting resolutions is a good way to set targets and goals, but experts say the resolutions need to be realistic – attainable and achievable. The list of… Read More »

Posted January 3, 2024 by Safiyya Vankalwala

We have seen several changes to the Canadian Business Corporations Act (CBCA) over the last few years. The changes have been rolled out in stages, including requiring private corporations to maintain a register of Individuals with Significant Control (ISC). Prior to this change, federal companies had to maintain a shareholders register with names of its… Read More »