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The Tax Court of Canada has issued a landmark ruling requiring the Canada Revenue Agency to account for all unclaimed Input Tax Credits carried forward from prior reporting periods when reassessing GST/HST returns. This decision in Ontario Tire Stewardship v. The King resolves a long-standing dispute about whether the Minister's obligation to "audit to net tax" extends beyond ITCs from the specific period under review, potentially affecting all Canadian GST registrants facing reassessment.

Organizations increasingly rely on restrictive covenants in commercial and employment agreements, but heightened legislative and judicial scrutiny is reshaping how these provisions must be crafted and enforced. This comprehensive guide from Torys' Pensions and Employment team explores emerging legal trends, practical drafting considerations, and critical enforceability issues that employers and businesses need to navigate in today's evolving regulatory landscape.

A commercial lease often constitutes a significant asset for a commercial tenant and is typically negotiated with a view to supporting the long-term viability of the tenant’s business. In this context, it is essential that the lease be promptly published in the Land Register to prevent its termination in the event of a change in ownership of the leased property