Proposed Amendments to NI 43-101

Proposed Amendments to NI 43-101 On February 13, 2025, the Canadian Securities Administrators (CSA) have released “near final” drafts of the proposed amendments to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), and the corresponding companion policies and form of technical report (collectively, the “Amendments’) to encourage further discussions among stakeholders. […]

Recent updates to the OBR system

Recent updates to the OBR system The Ontario Business Registry (OBR) has recently implemented certain changes to its system as follows: Proof of Filing Document: A proof of document filing can be obtained when filing an Initial Return, Annual Return, or Notice of Change for corporations under the Ontario Business Corporations Act (OBCA). Corrected Certificate […]

Why Keep Your Minute Book Electronically?

Why Keep Your Minute Book Electronically? Minute books do not need to be maintained physically in paper form. Instead, they can be scanned and stored digitally or even signed electronically and stored. Businesses can choose either option when transitioning to electronic storage. Storing a minute book electronically gives business owners instant access to their corporation’s […]

What Is A Minute Book?

What Is A Minute Book? A minute book contains all the essential documents related to your corporation and can be stored either in a physical binder or electronically. Corporations are required to maintain an up-to-date minute book, regardless of their size or they are incorporated in Ontario (under the Ontario Business Corporations Act, the “OBCA”) […]

Deadline for Filing Annual Return and ISC for CBCA Companies

Deadline for Filing Annual Return and ISC for CBCA Companies Every corporation existing under the Canada Business Corporations Act (“CBCA”) must file its annual return with Corporations Canada every year. Since January 22, 2024, corporations under the CBCA need to file information on their individuals with significant control (ISCs) at the same time as filing […]

Important Changes to the Ontario Business Registry Taking Effect on February 1, 2025

Important Changes to the Ontario Business Registry Taking Effect on February 1, 2025 Effective February 1, 2025, all businesses registered with the Ontario Business Registry (“OBR”) must have a “Company Key” to complete any filings or transactions. This applies even if you use an intermediary to submit OBR filings. What is a Company Key? A […]

Why Incorporate A Business?

Why Incorporate A Business? In Canada there are many ways to carry on a business. The three most common methods are a sole proprietor, a partnership and a corporation. Incorporating your business can provide many advantages, and it’s not limited to larger businesses. Individuals conducting business on their own can also benefit from incorporation. Some […]

How to Incorporate in Ontario and in Canada

How to Incorporate in Ontario and in Canada Ontario businesses have the option to incorporate provincially or federally. While the rights afforded to businesses are similar, this decision is influenced based on where you want the business to operate. Smaller businesses that don’t foresee operating in other provinces tend to incorporate in Ontario. Larger businesses […]