Recent Proposed Changes to the Ontario Business Corporations Act

On March 7, 2017, Bill 101, Enhancing Shareholders Rights Act, 2017, was introduced in the Legislative Assembly of Ontario for amending the Business Corporations Act (Ontario) (“OBCA”). Bill 101 received second reading on March 9, 2017.  Bill 101 propositions include:...

Mortgage Investment Corporations

Introduction Mortgage investment corporations (“MICs”) are created under section 130.1 of the Income Tax Act which sets out the rules that apply to mortgage investment corporations and their shareholders. MICs primarily invest in mortgages including commercial,...

BCSC Registers Cryptocurrency Investment Fund Manager

On September 6th, 2017 the British Columbia Securities Commission (“BCSC”)  announced the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. The BCSC has granted First Block Capital Inc. registration as an...