Banking, Bankruptcy & Insolvency
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January 28, 2025
Inquiry calls for new prohibitions, penalties against foreign interference in Canada’s democracy
The federal Public Inquiry into Foreign Interference has recommended new prohibitions, fines and stiffer administrative monetary penalties (AMPs), as well as other legislative changes, to strengthen Canada’s defences against foreign interference in the country’s democratic processes.
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January 28, 2025
B.C. Securities Commission launches campaign to combat AI investment scams
In a sign of growing concern among securities regulators about artificial intelligence (AI) based investment scams, the B.C. Securities Commission (BCSC) has launched a campaign aimed at helping investors protect themselves.
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January 24, 2025
CSA invites comment on proposed changes to trading fee cap to align with SEC rules
The Canadian Securities Administrators (CSA) has proposed lowering the trading fee limit for certain securities to align it with the limit set to be implemented in the United States after a recent rule change introduced by the U.S. Securities and Exchange Commission (SEC).
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January 24, 2025
Exclusive: SCC’s Karakatsanis J. says job is ‘so extraordinary, it’s hard to think about doing anything else’
Supreme Court of Canada Justice Andromache Karakatsanis has seen many changes at the court since she was appointed in 2011 but its recent historic transformation into a fully bilingual female-majority court is “fantastic,” she says.
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January 24, 2025
Draft legislation provides details on extension of charitable tax deduction deadline
The federal Finance Department has released draft legislation and explanatory notes to amend the Income Tax Act to extend the deadline for making tax-deductible charitable donations for the 2024 tax year to Feb. 28, 2025.
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January 23, 2025
FINTRAC operational alert targets money laundering related to trade in illegal synthetic opioids
In a joint effort with the U.S. and Mexico, Canada’s anti-money-laundering watchdog has published an operational alert aimed at helping businesses to identify and report financial transactions related to the laundering of proceeds from the importation, production and distribution of fentanyl and other illegal synthetic opioids.
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January 23, 2025
Report predicts generally positive outlook for Canadian private equity market in 2025
Technology is expected to be the hottest area for Canadian private equity (PE) investment in 2025 during a year of increased deal activity, according to an annual PE outlook report released Jan. 23 by Toronto-based Torys LLP.
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January 22, 2025
Federal Court of Appeal: RRSP transfer to widow exempt from tax debt clawback
The transfer of an RRSP from a deceased husband to his widow is not subject to a provision of the Income Tax Act allowing the Crown to collect unpaid tax debts from spouses or common-law partners, the Federal Court of Appeal has held.
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January 22, 2025
Outlook for Canadian M&A market remains positive despite tariff threat, says KPMG report
The threat of widespread U.S. tariffs could slow down merger and acquisition (M&A) activity in Canada during the first half of 2025, but structural changes in trade could spur cross-border deals later in the year, according to multinational consulting firm KPMG.
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January 16, 2025
Proposed U.S. tariffs could cost B.C. $69B in economic activity, 124,000 jobs, province estimates
The imposition of U.S. president-elect Donald Trump’s threatened 25 per cent tariff on all Canadian imports could cost British Columbia 124,000 jobs and $69 billion in economic activity between 2025 and 2028, according to a B.C. Ministry of Finance impact assessment.