Finance Law and Banking Law

British Columbia's First Nations Equity Financing Program is now accepting applications, offering up to $1 billion in loan guarantees to support First Nations acquiring equity ownership in revenue-generating projects within their traditional territories. The Program aims to position First Nations as equity partners in economic development while reducing borrowing costs and unlocking access to capital for major infrastructure and resource projects.

Ontario's local distribution company sector faces unprecedented consolidation pressure driven by $30 billion in capital requirements for grid modernization. Municipal governments selling utility assets must navigate the "windfall trap"—political pressure to spend proceeds on short-term projects rather than preserving long-term value. Strategic deployment of sale proceeds into independent endowment funds offers municipalities a path to convert depreciating infrastructure into perpetual revenue streams

Saskatchewan's recent amendments to The Saskatchewan Farm Security Regulations introduce significant changes affecting agricultural lending and farmland ownership, including the elimination of the CPPIB exemption and clarified administrative penalties. These regulatory shifts require lenders and borrowers to reassess their compliance strategies, due diligence processes, and ownership structures to navigate the evolving framework governing farmland transactions in the province.

Section 160 of the Income Tax Act (ITA) is one of the most potent collection tools available to the Canada Revenue Agency (CRA). While most tax liabilities are personal to the individual who earned the income, section 160 creates a form of “derivative” or secondary liability.

When multiple guarantors share liability for a debt and one pays more than their proportionate share, can they recover the excess from co-guarantors? This analysis examines the equitable Right of Contribution among joint and several guarantors, exploring how much can be claimed, limitation periods for recovery, and whether contractual indemnities provide additional protection beyond common law remedies.

On June 24, the Canadian Investment Regulatory Organization (CIRO) published new Guidance on the Fit and Proper Test for Approved Persons (GN-9200-26-001) (the Guidance), replacing the Oct. 14, 2021, IIROC Guidance Note on this issue

Les sociétés minières canadiennes font face à une décision stratégique cruciale : s'inscrire à la TSX ou opter pour une bourse américaine comme le NYSE ou le Nasdaq. Cet article examine les avantages distincts de chaque marché, notamment l'expertise sectorielle du Canada, la profondeur des capitaux américains et les implications en matière de coûts, de conformité et de calendrier d'exécution.

Canada's IPO market has undergone fundamental restructuring rather than simple recovery, with companies staying private longer and institutional investors increasingly favoring rigorous long-form offerings over alternative listing structures. The mining sector remains a critical counterweight, representing over $1.1 trillion in market capitalization and demonstrating sustained capital-raising strength even as traditional IPO activity contracted sharply between 2022 and 2024.

Les Autorités canadiennes en valeurs mobilières proposent d'inscrire dans la réglementation les modifications apportées à la dispense pour financement de l'émetteur coté, permettant aux émetteurs de lever jusqu'à 50 M$ CA sans prospectus. Le projet de modification simplifie certaines conditions tout en introduisant de nouvelles exigences d'information pour les émetteurs confrontés à des incertitudes financières.

If you are a Muslim homebuyer weighing a halal mortgage against a conventional one, the product that keeps you offside your faith may still put you offside the taxman in ways a conventional mortgage never would.

When multiple guarantors share liability for a debt and one pays more than their proportionate share, can they recover the excess from co-guarantors? This analysis examines the equitable Right of Contribution among joint and several guarantors, exploring how much can be claimed, limitation periods for recovery, and whether contractual indemnities provide additional protection beyond common law remedies.

The enforcement risk profile today is not limited to borrower default. It increasingly turns on lender‑versus‑lender dynamics, with second mortgagees moving from passive stakeholders to active actors seeking to take out firsts and step into their position.