Update On Amendments To The Personal Property Security Act, Author, Shane B. Pearlman, Borden Ladner Gervais

The Government of Ontario has proposed three significant amendments to the Personal Property Security Act (Ontario) (the “PPSA”) in recent years which have not yet been brought into force. The changes are: (1) to perfection of security interests in cash collateral; (2) to the conflict of laws provisions relating to the location of a business […]

Leave a comment

The October 17 Deadline for continuing under the Canada Not-for-Profit Corporations Act Has Passed

Corporations Canada has started taking steps to dissolve corporations that have not transitioned to the Canada Not-for-profit Corporations Act (NFP Act). Dissolution is not automatic. Corporations Canada will first provide notice before dissolving a corporation. If your corporation was federally incorporated under the Canada Corporations Act (CCA, Part II), you need to transition to the […]

Leave a comment

Ontario Not-for-profit Corporations Act and Bill 85

With a provincial election called for June 12 2014, Bill 85 has “died on the order paper”.  Bill 85 is necessary for the Ontario Not-for-Profit Corporations Act (ONCA) to be proclaimed, it deals with technical amendments necessary to implement the ONCA.  The Bill will now have to be re-introduced and the process of first reading, followed by second reading, committee […]

Leave a comment

C.R.A.C. Returns to its Independent Roots

  TORONTO – April 14, 2014 – ESC Corporate Services Ltd. (ESC) has agreed to terms for the acquisition of the Quebec-based corporate services division of D+H known as C.R.A.C. (Corporate Research and Analysis Centre). The purchase includes the departments fulfilling incorporation services, trademarks, corporate due diligence and corporate accessories. The transaction is expected to […]

Leave a comment

Revival Policies Change

Corporations Canada has changed the requirement to submit a NUANS Name Search Report for revivals. The policies on “Reviving a Business Corporation” and “Reviving a Not-for-profit Corporation” have been revised so that, a corporation that has been dissolved for less than 2 years is no longer required to file a NUANS Name Search Report as […]

Leave a comment

Did you know!!!!

A consumer Debtor, who has repaid all the obligations secured, could be detrimentally affected by the absence of a discharge because the registration may block  the debtor’s access to further credit from other creditors. Where a Financing statement  or notice of security interest is registered under this act, and, (a)    All the obligations under a […]

Leave a comment

Stronger Rights and More Protection for Consumers

Legislation to Support a Fair, Safe and Informed Marketplace Passes Second Reading September 10, 2013 2:20 p.m. – Ministry of Consumer Services Ontario is one step closer to delivering stronger rights and more protection for consumers when it comes to door-to-door sales, debt settlement services, real estate transactions, and real estate fees and commissions. Bill […]

Leave a comment