NEWS RELEASE. New rules increase transparency and protections for franchisees
|
|
- Wilfred Caldwell
- 6 years ago
- Views:
Transcription
1 For Immediate Release 2017SBRT Feb. 1, 2017 NEWS RELEASE Ministry of Small Business and Red Tape Reduction and Responsible for the Liquor Distribution Branch New rules increase transparency and protections for franchisees VICTORIA The new Franchises Act and regulation taking effect today ensure prospective business owners in British Columbia will have more information available to help them decide whether to open a franchised business. The act increases transparency for new franchisees by requiring franchisors to disclose important information about the company s legal, financial and bankruptcy history. The act also provides new legal protections for B.C.-based franchisees including: requiring that contracts include pre-sale information disclosure requirements; providing legal rights and protections to help parties to resolve disputes; requiring disputes be heard in B.C.; providing franchisees with the ability to sue for damages in court in cases where the franchise agreement is not honoured or the franchisee does not receive the required disclosure information; and allowing franchisees to cancel the franchise agreement and request their money back if the disclosure document was not provided to them as required. The act outlines remedies in the event a potential franchisee is misled about potential profits through the disclosure documents by providing a time frame which a franchisee may rescind a franchise agreement, without penalty or obligation. The legislation provides certainty for businesses which will help new franchises open in B.C., generating investment and employment opportunities and providing direct and indirect economic benefits to communities. The Province has created resource materials to help franchisees understand the new legislation and made the following materials available in Chinese (simplified and traditional), Punjabi and Korean: a checklist with a high-level overview of steps required to enter into a franchise agreement; a questions to ask sheet prompting franchisees to seek specific information during discussions with franchisors; and an easy-to-read summary of the key points of the new Franchises Act. The Franchises Act and regulation were developed with input from key stakeholders throughout the province to ensure it meets the specific needs of franchisees and franchisors in British Columbia, while harmonizing B.C. s laws with the five other provinces with franchise regulations (Alberta, Manitoba, Ontario, New Brunswick and Prince Edward Island) to reduce red tape and costs associated with disclosure documents and bring consistency for franchisors
2 across Canada. Quotes: Coralee Oakes, Minister of Small Business and Red Tape Reduction The Franchise Act and regulation include important requirements for information disclosure and protections for entrepreneurs interested in starting a franchise in B.C. With this change, we re formalizing processes already in use by many franchisors as well as encouraging economic growth in communities throughout the province. Kathleen Cunningham, executive director, BC Law Institute The Franchises Act overcomes much of the inherent power imbalance in the franchise relationship and creates a more even playing field. It benefits franchisors and franchisees alike in creating much-needed certainty around the standard of pre-contract disclosure. The Institute is very pleased that B.C. has become the sixth province to enact legislation reflecting best practices in franchising along the lines of the national model developed by the Uniform Law Conference of Canada. Robin Burnette, CEO, Stickys Candy Holdings It's wonderful B.C. has created the Franchise Act to save franchisors time and money by aligning with other provincial franchise laws. The act also makes it easier for franchisors to find the best possible people to represent their business by clarifying the information requirements at the outset. Quick Facts: The Franchises Act was first introduced in the legislature in October 2015 to increase transparency in B.C. s franchise industry. A franchise is a business in which one party (the franchisor) grants to the other party (the franchisee), the right to market goods or services under the franchisor s business system or trade name, in return for fees and royalties. Commonly franchised businesses include restaurants, oil change businesses, coffee shops, hotels and cleaning services. This legislation aims to make investing in B.C. even easier and protect British Columbians who are buying into a franchised business. There are nearly 78,000 franchised outlets in Canada with $100 billion in annual sales, and Canadian franchises employ about 1.5 million people one of every 22 people in Canada. Learn More: Starting a Franchise in British Columbia: Franchisee checklist: Franchises Act questions and answers: Franchisee questions to ask:
3 A backgrounder follows. Media Contact: Government Communications and Public Engagement Ministry of Small Business and Red Tape Reduction and Responsible for the Liquor Distribution Branch Connect with the Province of B.C. at:
4 For Immediate Release 2017SBRT Feb. 1, 2017 BACKGROUNDER Ministry of Small Business and Red Tape Reduction and Responsible for the Liquor Distribution Branch Franchise Act and regulations Key benefits for British Columbia s business community: The act governs franchised businesses in B.C., providing important legal protections for B.C.-based franchise operators and simplifying investing in B.C. The act will harmonize B.C. s process with other jurisdictions and reduce costs associated with disclosure documents. This franchise legislation is consistent with the approach taken in other provinces across Canada, including Alberta, Manitoba, Ontario, New Brunswick and Prince Edward Island. Uniform legislation provides a higher degree of certainty to both franchisors and franchisees and standardizes practices already followed by most large reputable franchisors. Benefits for franchisees: The act ensures franchisees will receive all the information they need to decide whether to invest in a business before signing franchise agreements. They will also have remedies if information is not disclosed, or if they are misled about potential profits or other information about the franchise. Furthermore, the act: regulates the sale of franchises requires that contracts include pre-sale disclosure requirements provides legal rights and protections to help parties to resolve disputes Benefits for franchisors: The legislation provides franchisors with uniformity in their disclosure requirements which means they will know exactly what they need to share with their potential franchisees because it follows the uniform model of legislation. By creating legislation that is similar, we help minimize the work required to understand the way business is done in B.C. which in turn will make it easier to do business across the country and vice versa. Disclosure documents what to expect: Standardizing the franchise legislation across Canada can help minimize the regulatory burden that can happen when a business moves into the province so franchisors will already be accustomed to complying with similar rules elsewhere in the country. Details of what is required in the disclosure documents will be set out in the regulation. The disclosure documents will include information about the franchisor, such as: business background
5 litigation history bankruptcy or insolvency information financial statements It will also include information about the franchise offer, such as: costs (e.g., deposits or fees) copies of proposed franchise agreements a description of any exclusive territory restrictions (e.g., obligations to purchase from certain suppliers) the franchisor's policy on volume rebates conditions of termination, contract renewal and transfer of franchise a description of the franchisor s mediation process, if one is used training and other assistance programs advertising funds (whether the franchisee is required to contribute to an advertising fund) a list of their current and former franchisees Who was consulted: Groups consulted included an advisory group of franchise lawyers, the BC Law Institute, the Canadian Franchise Association, the BC Chamber of Commerce, Canadian Federation of Independent Businesses, BC Hotel Association, New Car Dealers Association, Retail Council of Canada, Retail Council of BC, Coalition of BC Businesses, Chartered Professional Accountants of BC, B.C. Small Business Roundtable and various franchisees and franchisors throughout British Columbia. Media Contact: Government Communications and Public Engagement Ministry of Small Business and Red Tape Reduction and Responsible for the Liquor Distribution Branch Connect with the Province of B.C. at:
ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL
PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. 686, Approved and Ordered October 03, 2016 Executive Council Chambers, Victoria Utytenant Governor On the recommendation
More informationFranchising In Canada: Policy Briefing
Franchising In Canada: Policy Briefing About The Canadian Franchise Association (CFA) THE CANADIAN FRANCHISE ASSOCIATION (CFA) is the recognized authority on franchising in Canada. With over 750 corporate
More informationBC JOBS PLAN ECONOMY BACKGROUNDER. Current statistics show that the BC Jobs Plan is working: The economy is growing and creating jobs.
We know that uncertainty continues to remain in the global economy and we expect to see some monthly fluctuations in jobs numbers. That is why we will continue to create an environment that is welcoming
More informationAnd then there were six:
And then there were six: British Columbia s franchise legislation came into effect on February 1, 2017 By David Shaw, Arash Amouzgar and Saktish Pillai, Originally published on February 6, 2017 in the
More informationElimination of Mandatory Retirement in BC
Elimination of Mandatory Retirement in BC March 2007 Introduction Supporting employment for older persons The Coalition supports the principle of eliminating mandatory retirement in British Columbia provided
More informationForms of Business Organizations in Canada
Forms of Business Organizations in Canada There are several different forms of business organizations available for conducting business in Canada, each with its own advantages and disadvantages. In selecting
More informationBOSTON PIZZA ROYALTIES INCOME FUND ANNUAL INFORMATION FORM. For the year ended December 31, 2017
BOSTON PIZZA ROYALTIES INCOME FUND ANNUAL INFORMATION FORM For the year ended December 31, 2017 February 7, 2018 TABLE OF CONTENTS GLOSSARY... 1 INTERPRETATION... 15 OVERVIEW... 15 Royalty Income... 15
More information2010 CSA Survey on Retirement and Investing
2010 CSA Survey on Retirement and Investing Prepared for: Canadian Securities Administrators Executive Summary September 28, 2010 www.ipsos.ca TABLE OF CONTENTS EXECUTIVE SUMMARY... 1 Key Findings... 1
More informationFederal and Provincial/Territorial Tax Rates for Income Earned
by a CCPC Effective January 1, 2015 and 2016 by a CCPC Effective January 1, 2015 1 Federal rates General corporate rate 38.0% 38.0% 38.0% Federal abatement (10.0) (10.0) (10.0) 28.0 28.0 28.0 business
More informationPROVINCIAL/TERRITORIAL COUNCIL Of MINISTERS OF SECURITIES REGULATION (Council) ANNUAL PROGRESS REPORT January 2012 to December 2012
PROVINCIAL/TERRITORIAL COUNCIL Of MINISTERS OF SECURITIES REGULATION (Council) ANNUAL PROGRESS REPORT January 2012 to December 2012 BACKGROUND Canada withstood the recent financial crisis better than most
More informationTax Alert Canada Private company tax reform: Personal tax increases on noneligible dividends scheduled for 2018 and 2019
Issue No. 51 23 November Tax Alert Canada Private company tax reform: Personal tax increases on noneligible dividends scheduled for and EY Tax Alerts cover significant tax news, developments and changes
More informationMortgage Loan Insurance Business Supplement
CANADA MORTGAGE AND HOUSING CORPORATION Mortgage Loan Insurance Business Supplement FIRST QUARTER March 31, 2015 To supplement CMHC s unaudited Quarterly Consolidated financial statements, which are prepared
More informationForms of Business Organization in Canada
There are several different vehicles available for conducting a business in, each with its own advantages and disadvantages. A foreign entity looking to carry on business in should consider key factors,
More informationEXHIBIT 1 ACCREDITED INVESTOR CERTIFICATE ACCREDITED INVESTORS. HARBOUREDGE MORTGAGE INVESTMENT CORPORATION (the Company )
EXHIBIT 1 ACCREDITED INVESTOR CERTIFICATE ACCREDITED INVESTORS TO: RE: HARBOUREDGE MORTGAGE INVESTMENT CORPORATION (the Company ) PURCHASE OF CLASS A PREFERRED SHARES OF THE ISSUER (the Securities ) The
More informationBill 148 Fair Workplaces Better Jobs Act
Bill 148 Fair Workplaces Better Jobs Act 1 Agenda 1. Overview of Changes 2. Advocacy 3. Helping Employers Transition 2 Overview of Changes 3 Fair Workplaces Better Jobs Legislative Timelines January 1,
More informationInsolvency Statistics in Canada. September 2015
Insolvency Statistics in Canada September 2015 List of Tables Table 1: Total Insolvencies... 1 Table 2: Insolvencies Filed by Consumers... 2 Table 3: Insolvencies Filed by Businesses... 3 Table 4: Insolvencies
More informationFREE PREVIEW Full report available for FREE to Canadian Franchise Association members
The Economic Contribution of the Canadian FREE PREVIEW Full report available for FREE to Canadian Franchise Association members Franchise Industry January 2018 Prepared for: Canadian Franchise Association
More informationTax Alert Canada. Investment income earned through a private corporation
2015 Issue No. 59 11 December 2015 Tax Alert Canada Investment income earned through a private corporation EY Tax Alerts cover significant tax news, developments and changes in legislation that affect
More informationCanadian Securities Regulatory Requirements applicable to NonResident Broker-Dealers, Advisers. and Investment Fund Managers
This memorandum provides a summary only of only some of the more significant Canadian securities regulatory requirements that are applicable to non-resident broker-dealers, advisers and investment fund
More informationThe Nova Scotia Minimum Wage Review Committee
Annual Report January 2016 The Nova Scotia Minimum Wage Review Committee Minimum Wage Review Committee Report Page 1 of 5 Honourable Kelly Regan Minister of Labour and Advanced Education 5151 Terminal
More informationMULTILATERAL INSTRUMENT LISTING REPRESENTATION AND STATUTORY RIGHTS OF ACTION DISCLOSURE EXEMPTIONS
Definitions Office of the Yukon Superintendent of Securities Ministerial Order Enacting Rule: 2015/19 Instrument Initally effective in Yukon: September 8, 2015 MULTILATERAL INSTRUMENT 45-107 LISTING REPRESENTATION
More informationFair Workplaces Better Jobs Act
Fair Workplaces Better Jobs Act 1 Agenda 1. Overview of Changes 2. Advocacy 3. Helping Employers Transition 2 Overview of Changes 3 Fair Workplaces Better Jobs Legislative Timelines January 1, 2018 January
More informationAnnual Provincial Pre-Budget Submission January 10 th, 2013
\ Annual Provincial Pre-Budget Submission 2013-2014 January 10 th, 2013 1 WE ARE A not-for-profit business organization that takes a business - like approach to its operations. Objective and non-partisan;
More informationNet interest income on average assets and liabilities Table 66
Supplemental information Net interest income on average assets and liabilities Table 66 Average balances Interest (1) Average rate (C$ millions, except percentage amounts) 2009 2008 2007 2009 2008 2007
More informationInsolvency Statistics in Canada. April 2013
Insolvency Statistics in Canada April 2013 List of Tables Table 1: Total Insolvencies... 1 Table 2: Insolvencies Filed by Consumers... 2 Table 3: Insolvencies Filed by Businesses... 3 Table 4: Insolvencies
More informationTAX INITIATIVES TAX OPTION GRADUATED FLAT COMPETITIVE
Taxation C1 TAX INITIATIVES Major changes to personal income tax policy across Canada became effective for the 2001 tax year. The most important change has been the replacement of the tax-on-tax system
More informationComparing Ontario s Fiscal Position with Other Provinces
Comparing Ontario s Fiscal Position with Other Provinces Key Points In 2017, the Ontario provincial government received $10,415 in total revenue per person 1, the lowest in the country. Despite the lowest
More informationBill 148 Fair Workplaces Better Jobs Act
Bill 148 Fair Workplaces Better Jobs Act Agenda 1. Overview of Changes 2. Advocacy 3. Helping Employers Transition 2 Overview of Changes 3 Fair Workplaces Better Jobs Legislative Timelines January 1, 2018
More informationBill 148 Fair Workplaces Better Jobs Act
Bill 148 Fair Workplaces Better Jobs Act Agenda 1. Overview of Changes 2. Advocacy 3. Tax Offsets 4. Employer Education for a Successful Transition 2 Overview of Changes 3 Fair Workplaces Better Jobs Legislative
More informationNational Instrument Definitions. (3) In a national instrument or multilateral instrument
PART 1 DEFINITIONS AND INTERPRETATION 1.1 and Interpretation (1) Every term that is defined or interpreted in the statute of the local jurisdiction referred to in Appendix B, the definition or interpretation
More informationUBC Expense Reimbursement - GST Procedures For use with UBC forms TR REQ (AP501 - Rev. 04/99) and Q Req (AP500 -Rev. 03/98)
UBC Expense Reimbursement - GST Procedures For use with UBC forms TR REQ (AP501 - Rev. 04/99) and Q Req (AP500 -Rev. 03/98) Attached Schedules: I tes and General Information II Summary of Sales Tax Status
More informationMEMORANDUM D In Brief. Ottawa, July 6, 2007
Ottawa, July 6, 2007 MEMORANDUM D17-1-22 In Brief ACCOUNTING FOR THE HARMONIZED SALES TAX, PROVINCIAL SALES TAX, PROVINCIAL TOBACCO TAX AND ALCOHOL MARKUP/FEE ON CASUAL IMPORTATIONS IN THE COURIER AND
More informationResidential Tenancy Branch Administrative Penalties Review. March 21, 2016
Residential Tenancy Branch Administrative Penalties Review Contents Introduction... 3 Intent of Administrative Penalties... 3 Best Practice in Administrative Penalties... 4 Residential Tenancy Branch Measures
More informationNATIONAL INSTRUMENT DEFINITIONS Act means the Securities Act of 1933 of the United States of America, as amended from time to time;
This document is an unofficial consolidation of all amendments to National Instrument 14-101 Definitions, current to December 7, 2017. It includes local amendments made outside Ontario, as set out in CSA
More informationDear Sirs, Re: Proposed National Instrument and Proposed Amendments to OSC Rule
April 8, 2004 VIA EMAIL TO: Alberta Securities Commission British Columbia Securities Commission Manitoba Securities Commission New Brunswick Securities Commission Securities Commission of Newfoundland
More informationthe imposition of a duty of fair dealing on all parties to the franchise agreement; and
Lawyers, Patent & Trade-mark Agents 150 York Street, Suite 800 Toronto ON M5H 3S5 Tel: 416.364.1553 Fax: 416.364.1453 Canadian Franchise Legislation: An Overview 1 A. Introduction David Kornhauser dkornhauser@msmlaw.ca
More informationPlease accept the detailed survey response below on behalf of all BC New Democrat candidates in the 2017 provincial election.
Richard Truscott, Vice-President, BC and Alberta, Samantha Howard, Director, Provincial Affairs, BC Canadian Federation of Independent Businesses Email: msbc@cfib.ca Re: CFIB BC Party Leaders Survey Dear
More informationStart-up Crowdfunding Guide for Funding Portals
Start-up Crowdfunding Guide for Funding Portals Crowdfunding is a process through which an individual or a business can raise small amounts of money from a large number of people, typically through the
More informationAccess to Basic Banking Services
Access to Basic Banking Services Opening a personal deposit account and cashing Government of Canada cheques or other instruments In order to improve access to basic banking services, legislation requires
More informationLimited Liability Partnership Legislation Discussion Paper. September 23, 2005
Limited Liability Partnership Legislation Discussion Paper September 23, 2005 Limited Liability Partnership Legislation Discussion Paper 1. Introduction The Corporate Services Section of the Office of
More informationINFORMATION MEMORANDUM
INFORMATION MEMORANDUM Franchise Trust Series 2004-l Senior Short Term Asset-Backed Notes INFORMATION MEMORANDUM This Information Memorandum is not, and under no circumstances is to be construed as, an
More informationWorkers Compensation Act Committee of Review
Workers Compensation Act Committee of Review Regina, Saskatchewan, 2 Introduction Restaurants Canada is a growing community of 30,000 foodservice businesses, including restaurants, bars, caterers, institutions
More informationFranklin Target Return Fund (the Fund )
No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. These securities have not been and will not be registered under the United States
More informationMay 29, Comments on Proposed National Instrument Registration Requirements. Dear Sirs / Mesdames,
British Columbia Securities Commission Alberta Securities Commission Saskatchewan Financial Services Commission Manitoba Securities Commission Ontario Securities Commission Autorité des marches financiers
More information2001 COOPERATIVE CREDIT ASSOCIATIONS - (in thousands of dollars) TABLE 1 - ASSETS
TABLE 1 - ASSETS British Columbia Ontario Ltd. Nova Scotia Alberta Canada Cash resources 0 28,905 5 19,473 2,622 Deposits with regulated financial institutions.. 532,821 32,743 160,372 8,802 0 Securities
More informationFiscal Coordination in Canada
Nipun Vats Federal-Provincial Relations Division, FInance Canada Presentation to OECD-MENA Senior Budget Officials Nov 1, 2010 This presentation does not necessarily reflect the views of the Department
More informationRegulation of the franchise marketplace. Protection of prospective and current franchisees. Compensate for perceived imbalance of power
OBA Institute 2012 Dealing with and Litigating Disputes Involving Franchises The Arthur Wishart Act (Franchise Disclosure), 2000 An Overview Purpose: Regulation of the franchise marketplace Protection
More informationUnderstanding mutual funds
Understanding mutual funds Canadian Securities Administrators Securities regulators from each province and territory have teamed up to form the Canadian Securities Administrators, or CSA for short. The
More informationExempt Market Securities
Exempt Market Securities Look Before You Leap! Canadian Securities Administrators Autorités canadiennes en valeurs mobilières With her real estate business booming, Marie was looking for ways to invest
More informationMinimum Wage. This will make the minimum wage in the NWT one of the highest in Canada.
Backgrounder Minimum Wage The Minister of Education, Culture and Employment will increase the minimum wage in the NWT to $12.50 per hour on June 1 st, 2015. This will make the minimum wage in the NWT one
More informationIndividual Taxation Tax Planning Guide
Taxable Income TABLE I1 ONTARIO (2014) TAX TABLE Tax Effective Marginal Rate Federal Ontario Total Rate Federal Ontario Total $ $ $ $ 10,000-17 17 0.2 0.0 5.0 5.0 11,000-67 67 0.6 12.9 5.1 18.0 12,000
More informationCOURT OF QUEEN S BENCH OF MANITOBA
Date: 20180510 Docket: CI 17-01-05942 (Winnipeg Centre) Indexed as: Diduck v. Simpson Cited as: 2018 MBQB 76 COURT OF QUEEN S BENCH OF MANITOBA B E T W E E N: ROBERT DIDUCK, ) Counsel: ) plaintiff, ) DANIEL
More informationNet interest income on average assets and liabilities Table 75
Supplementary information Net interest income on average assets and liabilities Table 75 balances Interest rate (Millions of dollars, except for percentage amounts) 2014 2013 2012 (1) 2014 2013 2012 (1)
More informationOperating revenues earned by engineering firms were $25.8 billion in 2011, up 14.2% from 2010.
Catalogue no. 63-258-X. Service bulletin Engineering Services 2011. Highlights Operating revenues earned by engineering firms were $25.8 billion in 2011, up 14.2% from 2010. Similarly, the industry s operating
More informationMackenzie's Canadian Federal / Provincial Marginal Tax Rates
Mackenzie's Federal / Provincial Marginal Tax Rates Current as of: July 1, 2012 Quick Links by Province AB NS QC BC NT SK MB NU YT NB ON NL PE How To Use These Tables: Marginal Tax Rates calculate the
More information30 Eglinton Avenue West, Suite 306 Mississauga ON L5R 3E7 Tel: (905) Website: October 16, 2009
30 Eglinton Avenue West, Suite 306 Mississauga ON L5R 3E7 Tel: (905) 279-2727 Website: www.ifbc.ca October 16, 2009 To: British Columbia Securities Commission Alberta Securities Commission Saskatchewan
More informationTHE HOME STRETCH. A Review of Debt and Home Ownership Among Canadian Seniors
THE HOME STRETCH A Review of Debt and Home Ownership Among Canadian THE HOME STRETCH The importance of property ownership is deeply ingrained in Canadian society, economy and politics. The drive to own
More informationCANADA. 1 Current market of Crowdfunding platforms in Canada
CANADA 1 Current market of Crowdfunding platforms in Canada Crowdfunding is divided into Non-Equity and Equity Crowdfunding platforms in Canada 1. Non-Equity platforms, as it name implies, do not involves
More informationAlberta Public Sector and Procurement Trade Agreements CFTA & CETA
Alberta Public Sector and Procurement Trade Agreements CFTA & CETA Presentation to AUMA November 23, 2017 Today s Agenda: Trade Agreements Refresher on TILMA/NWTPA CFTA CETA Tools for the public sector
More informationSTIKEMAN ELLIOTT. Stikeman Elliott LLP Barristers & Solicitors
Stikeman Elliott LLP Barristers & Solicitors 5300 Commerce Court West, 199 Bay Street, Toronto, Canada M5L 1B9 Tel: (416) 869-5500 Fax: (416) 947-0866 www.stikeman.com DELIVERED BY E-MAIL September 30,
More informationInternational Commercial Transactions, Franchising, and Distribution
International Commercial Transactions, Franchising, and Distribution KATYA STEPANISHCHEVA, NICOLA BROADHURST, AND ANDREA GREGORY* This article reviews 2016 legal developments to the field of international
More informationUnderstanding mutual funds
Understanding mutual funds Thinking about investing in mutual funds? They can be an effective way to save for important goals like retirement or your child s education. But like all investments, they
More informationAlberta Public Sector and Procurement Trade Agreement and Alberta Purchasing Connection BOOTCAMP 101
Alberta Public Sector and Procurement Trade Agreement and Alberta Purchasing Connection BOOTCAMP 101 Presentation to ASBOA October 3, 2017 Today s Agenda: Trade Agreements Which ones do we follow? Obligations
More informationThe Nova Scotia Minimum Wage Review Committee Report
Annual Report January 26 2018 The Nova Scotia Minimum Wage Review Committee Report Minimum Wage Review Committee Report Page 5 of 4 Honourable Labi Kousoulis Minister of Labour and Advanced Education 1505
More informationCross-border Shopping and Sales Taxes
How it affects Nova Scotians Fall 2010 Introduction Most retail sales in Nova Scotia are subject to a harmonized sales tax (HST). This tax is administered by the federal government and applies to all goods
More informationFederal 2018 Budget Changes to Impact Dental Professionals
Federal 2018 Budget Changes to Impact Dental Professionals On Tuesday, February 27, 2018, the Honourable Bill Morneau, Minister of Finance tabled his third budget: Equality and Growth for a Strong Middle
More informationHarmonized Sales Tax (HST) Community Information Session Honourable Wesley J. Sheridan Minister
Harmonized Sales Tax (HST) Community Information Session Honourable Wesley J. Sheridan Minister Budget 2012 Fiscal Context Fiscal situation of PEI deteriorated during 2011/12 Deficit rising on lower revenues
More informationComments on Selected Financial Information. 4.3 Debt
4.3 Debt As at 31 March 2006, borrowings were reported in the Consolidated Statement of Financial Position at $6.5 billion, which represents total borrowings of $7.4 billion less sinking fund assets of
More informationPayments in Lieu of Taxes
Real Property Institute of Canada November 6, 2013 Why are there? Under Section 125 of the Constitution Act, 1867, the property of the Government of Canada is exempt from taxation. Since 1950, the Government
More informationGST/HST Info Sheet. Phasing Out of the Penny. Information for consumers. Payment made by credit/debit card or cheque/bank draft no impact
GST/HST Info Sheet GI-131 December 2012 Phasing Out of the Penny This info sheet illustrates the rounding that will take place for cash transactions as a result of the phasing out of the penny. As part
More informationSaskatchewan Labour Force Statistics
Saskatchewan Labour Force Statistics April 2017 UNADJUSTED DATA According to the Statistics Canada Labour Force Survey during the week covering April 9 th to 15 th,, 2017, there were 560,100 persons employed
More informationSTATISTICS CANADA RELEASES 2015 NET FARM INCOME AND FARM CASH RECEIPTS DATA
STATISTICS CANADA RELEASES 2015 NET FARM INCOME AND FARM CASH RECEIPTS DATA 2015 NET FARM INCOME On May 25, 2016 Statistics Canada released estimates of Net Farm Income for Canada and the provinces for
More informationBRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION POOLED INVESTMENT PORTFOLIOS GROUP OF FUNDS. Realpool Investment Fund
POOLED INVESTMENT PORTFOLIOS GROUP OF FUNDS Realpool Investment Fund FINANCIAL STATEMENTS British Columbia Investment Management Corporation Pooled Investment Portfolios MANAGEMENT S RESPONSIBILITY FOR
More informationOversight Review Report of the Investment Industry Regulatory Organization of Canada
Oversight Review Report of the Investment Industry Regulatory Organization of Canada Issued: April 26, 2018 Table of Contents I. Executive Summary... 1 II. Introduction... 2 A. Background... 2 B. Objectives...
More information2002 BCSECCOM 732 AND IN THE MATTER OF THE MUTUAL RELIANCE REVIEW SYSTEM FOR EXEMPTIVE RELIEF APPLICATIONS AND
Headnote Mutual Reliance Review System for Exemptive Relief Applications relief from continuous disclosure, insider reporting and SEDI filing requirements in connection with an arrangement involving exchangeable
More informationOSC Staff Consultation Paper Considerations for New Capital Raising Prospectus Exemptions
March 7, 2013 Mark McKenna President Direct:(403) 261-2566 Fax: (403) 750-5555 Email:mmckenna@walton.com Assistant: Kim Fuller Executive Assistant Direct:(403) 750-5518 Fax: (403) 750-5555 Email:kfuller@walton.com
More informationTHE TAXATION OF CORPORATE GROUPS
THE TAXATION OF CORPORATE GROUPS Submission to the Department of Finance Canada february 2011 Table of Contents Executive Summary..................................................................... 1
More informationReal Estate Rental and Leasing and Property Management
Catalogue no. 63-249-X. Service bulletin Real Estate Rental and Leasing and Property Management 2011. Highlights In 2011, real estate rental and leasing and property management industries generated $82.6
More informationLIMITED 4 August 2014
Canada European Union Comprehensive Economic and Trade Agreement (CETA) Negotiations Offer CANADA 1 Annex XX: Non Conforming Measures 1 1. The Schedule of a Party to this Annex sets out: (a) headnotes
More informationProvince of British Columbia Ministry of Finance MECHANISMS FOR EXPANDING PENSION COVERAGE AND RETIREMENT INCOME ADEQUACY IN CANADA
Province of British Columbia Ministry of Finance MECHANISMS FOR EXPANDING PENSION COVERAGE AND RETIREMENT INCOME ADEQUACY IN CANADA This paper seeks your views on how best to address anticipated future
More informationUFOC Not Needed Before Meeting with Prospective Franchisees
Amended U.S. Franchise Rule Breaks Down Barriers to Entering U.S. Market By: Carl E. Zwisler Haynes and Boone, LLP and Edward (Ned) Levitt Dickinson Wright LLP Despite being the oldest and most lucrative
More informationConsumer, Corporate and Insurance Services Division Office of the Attorney General Gift Card Legislation. Consultation Paper
Dated: November 24, 2009 Consumer, Corporate and Insurance Services Division Office of the Attorney General Gift Card Legislation Consultation Paper The Office of the Attorney General is seeking public
More informationTAX CALCULATION SUPPLEMENTARY CORPORATIONS (2007 and later tax years)
TAX CALCULATION SUPPLEMENTARY CORPORATIONS (2007 and later tax years) SCHEDULE 5 Code 0701 Use this schedule if, during the tax year, the corporation: had a permanent establishment in more than one jurisdiction
More informationACCREDITED INVESTOR CERTIFICATE (To be completed by Accredited Investors only)
ACCREDITED INVESTOR CERTIFICATE (To be completed by Accredited Investors only) TO: STEWART S VERTICAL FARMS INC. (the "Issuer") ACCREDITED INVESTOR (DEFINED IN NI 45-106): The undersigned, who is interested
More informationHST IMPLEMENTATION AND CHANGE-OVER ISSUES
HST IMPLEMENTATION AND CHANGE-OVER ISSUES By Bruce E. Ratford, CMA, CMM III The three previous newsletters discussed issues relating to budgeting, accounting and reporting. We concentrated on what you
More informationCSA BUSINESS PLAN
CSA BUSINESS PLAN 2013-2016 Introduction This document represents the collective effort by the Canadian Securities Administrators (CSA) to set out, in a clear and comprehensive manner, the priorities that
More informationDoing business in Canada
dentons.com Doing business in Canada Dentons Canada LLP Avoiding frostbite Top considerations for doing business in Canada The Canadian economy is dominated by free market activities and private enterprise.
More informationA fundamental consideration in virtually all Canadian private company sale transactions is whether the parties wish to structure the deal as either:
2016 Issue No. 16 4 April 2016 Tax Alert Canada Federal budget 2016-17 consequences for Canadian private company sale transactions EY Tax Alerts cover significant tax news, developments and changes in
More informationCONSOLIDATED UP TO 5 OCTOBER This consolidation is provided for your convenience and should not be relied on as authoritative
CONSOLIDATED UP TO 5 OCTOBER 2016 This consolidation is provided for your convenience and should not be relied on as authoritative National Instrument 45-106 Prospectus Exemptions Text boxes in this Instrument
More informationThe members of the Canadian Insurance Services Regulatory Organizations (CISRO) include representatives from the following regulators:
Canadian Insurance Services Regulatory Organizations (CISRO) STRATEGIC PLAN N 2010-2013 1. PREAMBLE The Canadian Insurance Services Regulatory Organizations (CISRO) is an interjurisdictional group of regulating
More informationNews & Views. Knowledge & Insights. Ontario delays ORPP. Volume 13 Issue 3 March In this issue
Knowledge & Insights News & Views Volume 13 Issue 3 March 2016 In this issue 1 Ontario delays ORPP 2 Ontario Budget 2016: pension and benefits related measures 4 BC: changes to health premiums 5 Ontario:
More informationData : Social assistance beneficiaries and rates in the Canadian provinces since 1990
Data : Social assistance beneficiaries and rates in the Canadian provinces since 1990 David Deault-Picard, Institute for Research on Public Policy (IRPP) Alain Noël, Département de science politique, Université
More informationLEGAL CONSIDERATIONS FOR STARTING A POOLED FUND Pierre-Yves Châtillon, Fasken Martineau DuMoulin
LEGAL CONSIDERATIONS FOR STARTING A POOLED FUND Pierre-Yves Châtillon, Fasken Martineau DuMoulin 1. The Pooled Fund Structure a) Benefits: Is a conduit that can maintain same characterization of income
More informationAutoCanada Income Fund
Consolidated Financial Statements (expressed in Canadian dollar thousands except unit and per unit amounts) March 21, 2007 PricewaterhouseCoopers LLP Chartered Accountants Suite 1501, TD Tower 10088 102
More informationSpecialized Design Services
Catalogue no. 63-251-X. Service bulletin Specialized Design Services 2012. Highlights revenues generated by businesses in the specialized design services industries increased 3.8% to $2.9 billion in 2012,
More informationCanadian personal tax increases on non-eligible dividends scheduled for 2018 and 2019
27 November Global Tax Alert News from Americas Tax Center Canadian personal tax increases on non-eligible dividends scheduled for and EY Global Tax Alert Library The EY Americas Tax Center brings together
More information2014 MINIMUM WAGE RATE ANNUAL REPORT
DEPARTMENT OF JUSTICE 2014 MINIMUM WAGE RATE ANNUAL REPORT PREPARED BY: POLICY & PLANNING DIVISION DEPARTMENT OF JUSTICE BACKGROUND INFORMATION The Nunavut Labour Standards Act (the Act ) regulates employment
More informationNational Instrument Prospectus and Registration Exemptions. Table of Contents
National Instrument 45-106 Prospectus and Registration Exemptions Table of Contents PART 1: DEFINITIONS AND INTERPRETATION 1.1 Definitions 1.2 Affiliate 1.3 Control 1.4 Registration requirement 1.5 Underwriter
More informationThe corporate capital tax Canada s most damaging tax
The corporate capital tax Canada s most damaging tax Jason Clemens, Joel Emes, and Rodger Scott Introduction The corporate capital tax is a business tax little known outside the circles of academia, tax-planning,
More information2018 FEDERAL BUDGET HIGHLIGHTS What Professionals and Business Owners Need to Know
2018 FEDERAL BUDGET HIGHLIGHTS What Professionals and Business Owners Need to Know February 28 2018 Contents Corporate Tax Rates... 1 Passive Investment Income... 2 Business Limit Reductions... 2 Refundability
More information