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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 »
Don’t let the “Pot” call the kettle black: Cannabis Policy and your Business
July 17th, 2019 by Justin R. Vincent
It now has been 10 months since Federal and Provincial laws changed legalizing the personal use and possession of cannabis, and society appears to still be in tact. Good! But, what about your workplace? Is cannabis use at work viewed the same as alcohol? Have you taken steps to understand the difference between the two intoxicants? Do you have a policy in place to be… Read More »
Family Businesses and Employment Insurance
July 11th, 2019 by Grant M. Driedger
If you are a part of a family run business, there are two things you should know about the Employment Insurance premiums you’ve been paying for years: 1) If a family member is laid off EI may not honour their application for benefits; and 2) you might be able to claim back thousands of dollars in premiums that have been paid. Many people are unaware… Read More »
Accessibility in Manitoba
July 26th, 2018 by Mathieu Lafreniere
According to the Royal Bank of Canada, people with disabilities represent an estimated annual spending power of $25 billion across Canada. Having businesses take steps to accommodate that market is not only the right thing to do, it is now legally mandated and a sound financial thing to do. On November 1st, 2018 The Accessibility for Manitobans Act (“The Act”) will take full force and… Read More »
PST Exemption for Business Assets upon Rollover
March 1st, 2018 by theresa
RST (Retail Sales Tax) and PST (Provincial Sales Tax) are the same thing. Businesses with taxable sales and services are required to register with the Manitoba Taxation Division and collect and remit RST. Generally, RST is applicable on all goods or services unless there is an exemption. One notable exemption is on a rollover of assets between related parties. This means that if you are… Read More »
