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New Rules for Operating a Short-Term Rental in Winnipeg
March 27th, 2024 by Gemma Brown
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 regulate the short-term rental industry, the goal is to provide… Read More »
Directors and Officers – Liability to Employees
May 4th, 2023 by Samuel Teichroew
Generally directors and officers of a corporation are not personally liable for the obligations of a corporation, with certain exceptions. Directors and officers need to understand when they may be held personally liable for the actions or inactions of the corporation. The law is very clear regarding a directors and officers’ duty to understand their corporation’s legal obligations – ignorance is no defence. If a… Read More »
“My Corporation has Dissolved, Does it Matter?”
April 27th, 2023 by Samuel Teichroew
Yes it does. A corporation, whether non-profit or for profit, is a legal “person”. Once a corporation has dissolved, it is no longer an active legal entity. Dissolution for a corporation is similar to when an individual has died. An incorporated body may be dissolved intentionally or unintentionally. The unintentional dissolutions are usually due to failure to file annual returns with the Companies Office. If… Read More »
CHANGES IN TAX RULES MAY LESSEN THE TAX BURDENS ON INTERGENERATIONAL TRANSFERS
March 2nd, 2022 by Gemma Brown
By Gemma L. Brown, Partner and Alexandra Philippot, Articling Student-at-Law 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… Read More »
New Register Requirements of “Individuals with Significant Control”
April 20th, 2020 by Gemma Brown
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 anti-terrorist financing regime. Manitoba has harmonized its legislation with changes… Read More »
Does a Pandemic Nullify a Contract?
March 30th, 2020 by Grant M. Driedger
What does Covid-19 mean for contractual obligations? The unique circumstances of this crisis raises, first and foremost, concerns about health and well being. Second to that, many people are concerned about the implications for their personal finances, as the Canadian and global economies are jolted by this pandemic. For the most part, assume that all contracts remain binding. The pandemic will not mean that your… Read More »
