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The Canada Revenue Agency has issued new guidance on how non-profit organizations can manage accumulated surpluses and investment income while maintaining their tax-exempt status under the Income Tax Act. Meanwhile, the Department of Finance has proposed expanded reporting requirements that will significantly affect NPOs with annual revenues above $100,000 starting in 2027.

Developers in British Columbia face significant legal consequences for failing to disclose material developments during presale condominium projects, even if construction is eventually completed. A landmark Supreme Court decision examines when post-contract disclosure failures can render purchase agreements unenforceable and whether insolvency proceedings can override consumer protection obligations under REDMA.

British Columbia's new Construction Prompt Payment Act introduces mandatory payment deadlines and expedited adjudication for construction disputes, drawing from similar regimes in Ontario and Alberta while incorporating unique provisions around invoice requirements and holdback releases. How will these changes reshape payment practices and dispute resolution in BC's construction industry, and what lessons can be learned from other provinces' experiences with prompt payment legislation?