Even routine intercorporate dividends can unexpectedly be recharacterized as capital gains under subsection 55(2) of the Income Tax Act (Canada) (“ITA”), creating significant and avoidable tax exposure for clients. Although tax advisors…
As of January 1, 2026, important amendments to Ontario’s Construction Act, which for the most part apply retroactively, took effect. It is imperative that those involved with construction projects in Ontario are…
An employee handbook is one of the most important documents an employer can have in place—second only to the employment agreement. An employment agreement establishes terms that apply to a specific employee…
Surprise, your business is unionized! This is the sort of notification that many employers would be concerned to read, leaving them wondering – what just happened? Generally, unionizing efforts are apparent to…
Once the negotiations have concluded and the purchase agreement has been finalized, the parties must then turn their attention to the closing process. This process involves various steps and will be transaction…
On November 27, 2025, Bill 30, the Working for Workers Seven Act, 2025, received royal assent. This bill represents the seventh iteration of employment law legislative amendments for Ontario. The latest amendments…
For a business to succeed, everyone pitches in and gets the job done. But when those extra hours aren’t tracked or paid properly, what starts as teamwork can quickly turn into an…
A General Overview Representations and warranties are arguably the most important section of any purchase agreement. In simple terms, they are statements of fact, assurances, and promises made by the parties regarding…
Once you’ve had satisfactory discussions with a potential purchaser or vendor (and perhaps even signed a Letter of Intent), it is time to turn your attention to the Purchase Agreement. Typically, the…
If you’ve ever considered selling your business, you may have heard that you should sign a confidentiality agreement or a letter of intent before getting started with a potential buyer. But have…
In the current economy, many employers are finding that they need to implement workforce changes and reduce labour costs. This can include shifting compensation to be more heavily commission-weighted, reducing hours of…
