Limitations on the activities of Medicine and Dentistry Professional Corporations Over the past several years, as the tax benefits have become more widely known, the use of medicine professional corporations (“MPCs”) by physicians and dentistry professional corporations (“DPCs”) by dentists has become widespread. As time passes and the professional accumulates wealth…
Take-aways from the Supreme Court of Canada’s ruling in Bhasin v Hrynew et al, 2014 SCC 71 Facts of the case The corporate respondent Canadian American Financial Corporation (“Can-Am”) is a company that markets education savings plans to investors through agents, here known as enrollment directors. The appellant Bhasin and…
Selecting a guardian for minor children is an important step all parents should take. But over the course of a minor child’s life it is not uncommon for the circumstances that led to the selection of the original guardian to change. Families or guardians can move far apart, problems with…
There are several important provisions to include in a family business shareholders agreement that extent beyond the management of the business. These include disability of a shareholder, death of a shareholder, marital breakdown and finance. Disability of a shareholder This is particularly important when the shareholder is actively involved in…
No matter what your company does or what legal structure you choose for your new business, there are likely going to be licenses and registrations that must be obtained or completed. How many are needed and how long they take to be approved will depend on the nature of your…
Employers generally want to promptly resolve all issues with an outgoing employee in order to avoid litigation. To achieve this, an employer must provide the employee with sufficient time and information to make an informed decision. Apparent resolutions may not be legally binding if the employer fails to provide an…
Related Articles 5 signs the time is right incorporate your business Pros and cons of incorporating your business Understanding your liability when incorporating your business When you incorporate your company you can choose between having a named or a numbered company. If you choose to go with a named company…
Outbursts of anger can occur during the events leading up to a dismissal, during a termination meeting and, if litigation occurs, during a mediation and examination for discovery. The anger experienced by an employee who feels like he or she has been mistreated can linger for years and, in some…