Skip to Content

Corporate Law

Corporations Canada to begin administrative dissolutions of dilatory not-for-profit corporations starting next month

corporate

Any lawyers working with not-for-profit corporations should note that, in July 2023, Corporations Canada will begin administrative dissolutions of not-for-profit (NFP) corporations that have not filed an annual return for three years. This policy could impact any dilatory NFP governed under the Canada Not-for-profit Corporations Act. Corporations Canada have indicated they will send a Notice… Read More »

Categories: Corporate Law

Ontario Business Registry (OBR) – MGCS Updates and Responses

corporate

The OBA has shared information with respect to the new Ontario Business Registry. “The OBA has an open line to government to ensure that the Ministry of Government and Consumer Services understands and addresses issues of importance with respect to the new Ontario Business Registry“. You can find regular updates and answers to questions at… Read More »

Categories: Corporate Law

New corporate registration requirements

corporate

As of June of 2019, federal private corporations will be required to maintain a registry of “Individuals with Significant Control” (ISC) in addition to an annual obligation to take reasonable steps to ensure their register is complete and up-to-date. Corporations will have an obligation to update their registry within 15 days of becoming aware of… Read More »

Categories: Corporate Law

Responsible delegation: Annual corporate filings and updates

corporate

Responsible and efficient delegation is an important skill for any lawyer. But there are limits as to when and how certain tasks can be delegated to non-lawyers. Recently, LAWPRO has seen situations where corporate filings are handled by administrative staff such as clerks, without specific authorization or review from a supervising lawyer. This sometimes includes… Read More »

Categories: Corporate Law

Is it safe to serve on a client’s board of directors?

It can be very rewarding, both personally and financially, to be asked to serve on a client’s board of directors. It’s also easy to understand why a client might make the request: the lawyer may have worked closely with the corporation’s founders to establish the company, and will likely have a solid understanding of the… Read More »

Categories: LAWPRO Errors and Omissions Coverage, Conflicts of Interest, Corporate Law

LAWPRO Magazine archive – Drafting errors: A simple error can cost you

corporate

Given the complexity and the number of commercial agreements drafted each year in Ontario, it is surprising that corporate and commercial claims account for only 13 to 15 per cent of the number of claims reported against lawyers in Ontario annually. Although commercial leasing errors represent a small percentage of those claims, they illustrate where… Read More »

Categories: Corporate Law

practicePRO Resource: Checklist for commercial transactions

corporate

Many commercial matters involve the preparation of one or more documents. These documents are drafted based on communications between the parties to the document and/or their respective lawyers, the specific circumstances of the matter and applicable substantive law. While the majority of commercial deals in Ontario are concluded without difficulties, all too often LAWPRO sees… Read More »

Categories: Corporate Law

Land Acknowledgement

The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.

Back to top