Finance’s Role in Making the Clean Technology Tax Credit Manifest
Creative financing can be a game-changer to accelerate return on investments from sustainable projects by Grant MacFarlane Investments in clean technology and net zero targets are being mandated across the board, at every level of government in Canada as well as within corporations. In March 2023, the Canadian government announced …
Payments Canada welcomes inclusion of the Retail Payments Oversight Framework
OTTAWA, ON–Payments Canada applauds the inclusion of the Retail Payments Oversight Framework (RPOF), and its oversight by the Bank of Canada, as part of the 2021 federal budget, A Recovery Plan for Jobs, Growth and Resilience. “The implementation of the Retail Payments Oversight Framework is a welcome addition to Canada’s …
OSC temporarily waives all late fees for market participants
TORONTO, ON–The Ontario Securities Commission (OSC) is providing temporary relief to market participants by waiving all late fees that accumulate between April 17, 2020 and June 1, 2020. This is estimated to result in over $300,000 of relief to issuers, registrants and insiders during the relief period. “The current pandemic …
Canadian securities regulators move forward with embedded commissions bans
VANCOUVER, BC–Canadian securities regulators announced today that they will ban two types of commissions that are embedded in some mutual fund purchases. Canadian Securities Administrators (CSA) Staff Notice 81-332, Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions explains that the participating provinces and territories expect to publish …
Canadian securities regulators announce review of framework for self-regulatory organizations
TORONTO and VANCOUVER, BC–The Canadian Securities Administrators (CSA) will undertake a review of the regulatory framework for the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). “The regulatory framework for these self-regulatory organizations has been in place for several years, and the …
Canadian securities regulators outline corporate governance disclosure expectations for cannabis issuers
TORONTO, ON—Securities regulatory authorities in Ontario, British Columbia, Quebec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia (the participating jurisdictions) today published guidance to help cannabis issuers strengthen their governance disclosures, including disclosure of financial interests in significant corporate transactions. The cannabis industry has experienced significant growth, along with merger and …
The Future with CUSMA
By Brendan Read The Canada-United States-Mexico Agreement (CUSMA), also known as the USMCA will, when, (but increasingly looking like ‘if’) ratified, provide a renewed foundation for trade between all three countries. CUSMA is to replace the North American Free Trade Agreement (NAFTA). CUSMA was signed by Prime Minister Justin Trudeau, …
OPSEU First Vice-President/Treasurer: Capping wages is a waste of time, effort, and money
TORONTO–OPSEU’S First Vice-President-Treasurer is going to Queen’s Park on Monday to put the Ford government on notice its legislation to trample the collective bargaining rights of public sector workers could be yet another expensive boondoggle. “Climate change. Hallway health care. The gender pay gap. The high cost of housing and …