Commercial Law

Corporations that Own an Interest in Land: New Record Keeping Requirements

March 9th, 2017 by Ted Hyland

In 2015, the Ontario legislature passed legislation called the Forfeited Corporate Property Act, 2015 (the FCPA). The FCPA came into effect on December 10, 2016.

One of the things that the FCPA does is to amend the Corporations Act (Ontario), the Business Corporations Act (Ontario), and the Not‑for‑Profit Corporations Act, 2010 (Ontario) to require corporations that are subject to these statutes to keep a register at their registered office of their ownership interests in land located in Ontario.

Given that the amendments were enacted in the FCPA, it seems that the provincial government intends for this to be a convenient mechanism to enable it to locate land that reverts to the Crown if a corporation is dissolved while still owning land.

What’s the new requirement?

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The evolving world of social finance in Ontario

December 7th, 2012 by Brian Iler and Laura Bowman

Social enterprises can find it difficult to raise capital from community‑minded investors.  Even in the non “social enterprise” sector, most capital for small and startup enterprises is still raised from friends and family rather than banks, wealthy investors or other more traditional sources.

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Construction and employment updates

October 16th, 2012 by Laura Bowman

Many of our clients blend the roles of developer, owner and employer in construction projects.  For those of you who wear these hats, there are some updates in the law that might interest you.

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Tax court confirms “connecting factors test” for on-Reserve income tax exemption

July 30th, 2012 by Iler Campbell LLP

On July 7th 2012, the Tax Court of Canada (the Court) handed down its decision in Dickie v The Queen regarding a reassessment of a status Indian operating a proprietorship from Fort Nelson Indian Reserve (the Reserve).  Mr. Dickie operated a business clearing and slashing timber on contract for oil and gas companies to conduct seismic surveys of the land. While he accepted some contract work that took place on the Reserve, an overwhelming majority of his business came from work conducted off Reserve.

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Signing a commercial lease? Make sure you know exactly what you are getting into

September 6th, 2011 by Ted Hyland

Charities, non-profits and co-operatives often enter into commercial lease agreements without having first consulted with a lawyer.  By the time they arrive at our offices at Iler Campbell with a signed 50 or 60 page standard lease agreement (sometimes years after signing it) they often have made commitments that will have serious implications for their organizations, creating problems that likely could have been avoided if they had checked with a lawyer first.

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