Articles

“Finders” in Ontario Securities Law

Nov 12, 2024

In Ontario, as in much of Canada, securities laws are highly regulated, and the role of a finder can be complex. This post will cover what it means to be a finder, the rules governing finder activities, and how Ontario securities laws apply to different scenarios.

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How to Set Up a Professional Corporation in Ontario

Nov 12, 2024

Setting up a professional corporation in Ontario is an excellent way for licensed professionals—such as lawyers, doctors, accountants, architects, and engineers—to manage their practice, gain tax advantages, and limit personal liability.

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S. 86 Share Exchanges under the Income Tax Act (Canada)

Nov 12, 2024

Section 86 of Canada’s Income Tax Act (ITA) provides an effective tax-planning tool for business owners seeking to exchange shares within a corporation without triggering immediate tax consequences. Known as a “section 86 share exchange,” this provision allows taxpayers to swap old shares for new shares in the same corporation.

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Friends, Family & Close Business Associates Exemption

Nov 12, 2024

Ontario’s Friends, Family, and Close Business Associates (“FFBA”) exemption offers a flexible and practical path for certain issuers to raise capital from individuals within their trusted networks. This exemption allows companies to raise funds from personal connections without going through the costly and complex process of filing a prospectus, making it particularly valuable for startups and small businesses looking to leverage existing relationships for initial financing.

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