With the hustle and bustle of everyday business life, business owners sometimes forget about little things, such as corporate record maintenance. Managing your corporate affairs should also include corporate record maintenance, and in particular the legal aspects of maintenance. There are many seemingly simple changes that occur during a corporation’s life cycle. Examples include officers…

Over the past two decades, Manitoba has passed legislation aimed at phasing out existing sewage ejector systems due to issues with leaking and runoff into Manitoba’s waterways. More recently, the provincial government amended the Onsite Wastewater Management Regulations (60/2010), enacted under The Environment Act, to further alter the process for sewage disposal in the Province. The…

Bill C-208, which was introduced by Larry Maguire, MP from Brandon-Souris, makes amendments to the Income Tax Act by aiming to lessen the tax burden on intergenerational transfers of small businesses, family farms or fishing corporations. This bill addresses a gap in the Income Tax Act that made it more costly for small business owners…

Cottages are similar to family farms. Their succession plans should be similar too. Cottage succession planners should take a lesson from farm experts. Cottages, like farms, make succession planning challenging. Succession planning for the family cottage has many similarities to transferring the family farm. The primary goals of most cottage owners are: A prime concern…

Operating a short-term rental in Winnipeg will require a licence as of April 1, 2024. This will apply to rentals such as Airbnb, Vrbo, or bed and breakfasts, and it applies to rentals being operated out of the primary place of residence and any non-primary properties. In following the footsteps of other major cities that…

An executor is a person named within a Last Will & Testament who will carry out directions and requests according to the provisions in the Will. If an individual dies without a Will, they are said to have died intestate. In this case, an administrator must be appointed by the court to administer the estate.…

Did you know….your Legal Fees might be deductions on your Income Tax Return We are all familiar with the process of filing income tax returns. Every year, we gather our T3’s, T4’s and T5’s, visit our accountant and they file our income tax return to the Canada Revenue Agency. What you might not know is…

Effective June 13, 2019, each private corporation incorporated under the Canada Business Corporations Act (CBCA) was required to prepare a register of “individuals with significant control” (ISC) over such corporation.  The purpose of these changes is to identify the actual individuals behind business activities being seen as an important and key component of Canada’s anti-money laundering and…

With our rising education costs, Registered Education Savings Plans (“RESP’s”) are becoming a popular way to save for a child or grandchild’s education. What happens however when the RESP subscriber, being the person who set up the RESP, dies? Many think that RESP’s are treated the same as RRSP’s, but that is not true. They…