Companies are increasingly victims of sophisticated scams totalling billions of dollars. Even though the security protocols established by your IT department are reputed inviolable and strong passwords on your computer and credit cards are changed regularly, you are not fully protected.
As many of us head off on summer vacation, Canada’s new Anti-spam Legislation (CASL) comes into force on July 1st, 2014. This law will affect all individuals, companies or organizations that send commercial electronic messages (CEMs), develop or install computer programs, or re-route the destination of a message, contrary to the one specified by the sender.
Since February 14, 2011, trusts are not authorized to register with the Registraire des entreprises du Québec. However, section 21(8) of the Act respecting the legal publicity of enterprises, that will take effect on July 1, 2014, makes registration compulsory for "trusts operating a commercial enterprise in Québec, other than a trust administered by a registered registrant". In addition, trusts operating a commercial enterprise administered by a trustee not registered will be required to register within 60 days of the date after which they became subject to the Act.
With its proposed Regulation 45-108 on crowdfunding for developing companies, Quebec is joining a movement that can be seen in most Canadian jurisdictions.
New Regulation 45-108 brings a novel idea to the Canadian market: enabling small businesses to attract capital from a larger number of investors at a low cost, within a simple and efficient legal framework.
The purchaser’s obligations towards employees when a business is purchased are governed by the Civil Code of Québec (“C.C.Q.”) and the Act respecting labour standards (“L.S.A.”).
Following a report from an informant, BSA will send the company a letter of notice. This letter states that BSA and its members are in possession of information concerning the illegal use of its members’ software and calls on the recipient to undertake an internal computer audit, provide BSA with the results and instructing the company not to modify or attempt to conceal the situation by erasing the software used without an appropriate license.
Several years ago, companies were still able to get away with it. Their IT staff worked to provide all users with the software required to do their jobs. Few questioned the legalities involved in their actions: as long as it worked and costs weren’t too high, it was all for the best.
The forced purchase of shares is one of the most frequently sought-after remedies in the context of shareholders disputes. While this remedy may seem like an obvious and easy solution, courts are reluctant to grant the forced the purchase of shares, considered an extreme remedy that is akin to expropriation.
This September, several municipalities across the province, including the City of Montréal, will return a new triennial assessment roll, which will apply for taxation years 2014-2016. As a property owner and taxpayer, you should find out quickly if the new legislative regime applies to your situation and how this may have a major impact on your future tax burden.