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Corporations Act

By Occasional Contributors | 4 Minutes Read January 4, 2018

Changes to the Ontario Not-For-Profit Corporations Act, 2010

On November 14th, Bill 154 received Royal Assent. As noted previously, this omnibus bill made changes to the Corporations Act (Ontario), to social investment provisions in the Charities Accounting Act (Ontario), and other statutes. Some of the more significant changes to the Not-For-Profit Corporations Act, 2010 (“ONCA”) are reported here, none of which are in force today but will be when ONCA comes into force. As you may recall, ONCA was passed in 2010, but it will only come into force on a day to be named. The government plans to bring the ONCA in force in early 2020.

Article by Occasional Contributors / Not for Profit / charitable corporation, Charities Accounting Act, Corporations Act, Not-for-profit Corporations Act, ONCA, voting rights

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 2 Minutes Read December 5, 2016

New Ontario statutes in effect December 10, 2016

The new requirements may be particularly onerous for corporations like home–builders or condominium developers, or any other corporation which may have hundreds or thousands of ownership interests in land.

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Administration, Business, Finance and Accounting, Not for Profit / Business Corporations Act, Corporations Act, Escheats Act 2015, Forfeited Corporate Property Act 2015, Not-for-profit Corporations Act, OBCA, OPGT, statutes, The Office of the Public Guardian and Trustee

By Earl Altman | 4 Minutes Read October 27, 2011

Unexpected risks of stock option plans

Stock options and stock grants have become normal and expected elements of executive compensation in Canada. Stock options are generally granted to executive employees as a means of creating a common purpose or goal between senior employees and the company. The valuation of these options, and the employee’s entitlement to exercise them, has been an issue in many wrongful dismissal actions.

Article by Earl Altman / Payroll / Corporations Act, employee shareholder, executive compensation, financial information, lawful termination, lump sum severance, oppression action, period of notice, securities act, severance, stock grants, stock option plan, stock options, termination, termination notice, vesting of stock options

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