Finance Law and Banking Law

In April 2025, the Canada Revenue Agency (CRA) issued the Income Tax Folio S3-F1-C1, Shareholder Loans and Debts, which can be relied upon as the accurate summary of the CRA's interpretation regarding subsection 15(2) of the Income Tax Act (ITA) and its related provisions.

Following are our summaries of the civil decisions of the Court of Appeal for Ontario for the week of October 27, 2025.

The Canadian Securities Administrators (CSA) have released for comment a proposed multi-year pilot project that would allow certain venture issuers to voluntarily adopt semi-annual financial reporting (SAR Pilot)...

The appellants argued that the motion judge erred in her contextual analysis.

As we previously reported, persons and entities in the mortgage sector (mortgage administrators, mortgage brokers, and mortgage lenders) became subject...

What are the real legal costs which a lender can recover in a commercial foreclosure? Is it different for a residential mortgage?

The Internal Revenue Service and U.S. Treasury Department have proposed regulations (the Proposed Regulations) that would expand FIRPTA relief for domestically controlled REITs by repealing the corporate look-through rule introduced by final U.S. Treasury regulations issued in April 2024.

The U.S. Treasury recently released proposed regulations1 that would repeal the "domestic corporation look-through rule" and, instead, treat all domestic C corporations as domestic entities for purposes of determining whether a REIT is domestically controlled.

The 2024 Annual Compliance Report Card (the Report Card) published by the British Columbia Securities Commission (BCSC) summarizes the findings of the BCSC compliance teams arising from their reviews of the compliance programs of B.C.-based portfolio managers, investment fund managers, and exempt market dealers in 2024.

Major changes to Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "Act") came into effect on April 1, 2025.

In November 2024, draft amendments to the regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "PCMLTFA") were published. These amendments were not unexpected...

D'importantes modifications apportées à la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes (la « Loi ») sont entrées en vigueur plus tôt que prévu, soit le 1er avril 2025. Si votre entreprise exerce ses activités dans le secteur du financement et de la location à bail, il est temps de vous préparer