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Aird & Berlis LLP's newsletters provide insight and understanding into the legal world as it relates to our clients and business at large.

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Workplace Law Bulletin - Dealing with the Difficult Employee
May 17, 2017
All organizations have to deal with the "difficult" employee. With enough knowledge of the law to be dangerous, this employee seems to know all the right buttons to push and takes up a considerable amount of time and resources to manage.
Workplace Law Bulletin - You Asked, We Answered: Dealing with the Difficult Employee
May 17, 2017
During our last webinar, we had a number of interesting questions on how to deal with a difficult employee. Below is a compilation of some of the most frequently-asked questions.
Municipal Law Bulletin - Key Changes to the Residential Tenancies Act and the New Tax Regimes Under Ontario’s Fair Housing Plan
May 16, 2017
On April 24, 2017, the Ontario government introduced new legislation, the Rental Fairness Act, 2017 which includes a number of proposed amendments to the Residential Tenancies Act, 2006 (the "RTA"). The stated purpose of the legislation is to contribute to a long-term goal of affordable housing and to ensure fairness to landlords and tenants alike. The key elements of the legislation are highlighted below.
Tax News Flash - Ontario Introduces the new Non-Resident Speculation Tax
April 21, 2017
As expected, the Government of Ontario has introduced a new non-resident speculation tax ("NRST") that takes effect on April 21, 2017. The NRST is a 15% tax payable on the purchase of an interest in residential property located in the "Greater Golden Horseshoe" area (which includes Toronto and surrounding areas) by "foreign entities" and "taxable trustees" (as described below). The NRST applies in addition to any land transfer tax in Ontario real estate transactions.
Workplace Law Bulletin - Legalized Marijuana – Another Balancing Act for Employers
April 18, 2017
On April 13, 2017, the Federal government introduced two long-promised bills that, if passed, would lead to Canada becoming one of the few national jurisdictions to permit the legal growth, possession and recreational consumption of marijuana. For employers whose employees regularly operate on Canada’s roads, the potential legalization of marijuana raises competing interests. Canadian society appears to be more open to the regular recreational use of marijuana, which employees may rightfully argue will become a legal right that can be exercised on their own time. At the same time, the government has clearly signalled that legalized pot will come with wider testing and greater discretion given to law enforcement to engage in that testing. If drug testing becomes more common place, and generally accepted by the public, will it also result in a liberalization of workplace drug testing?
Collateral Matters - A “Green Rush” for Debt Financing?
April 6, 2017
Canadian cannabis policy announcements over the past year have spurred investment in licensed cannabis producers and dealers, resulting in one of Canada’s newest growth industries. Deloitte projects the potential size of a legal, recreational retail cannabis market at $9 billion. Equity investors have responded with what is becoming known as the "green rush," with medical marijuana companies raising more than $466 million in Canadian capital markets in 2016.
Collateral Matters - Budget 2017: Financial Sector Update
April 6, 2017
On March 22, 2017, the Federal government tabled the 2017 federal budget. The 2017 Budget provides guidance on the government’s plan to introduce legislation in a number of areas directed at the financial services sector in Canada, namely: strengthening the bank resolution regime and the deposit insurance framework; increasing oversight of financial market infrastructures; enhancing the Canadian anti-money laundering and anti-terrorist financing regime; supporting financial technology; and introducing a new retail payments oversight framework.
Collateral Matters - Interest Rates: Why It Is in Everyone’s Interest to Pay Close Attention
April 6, 2017
In Canada, there are a number of regulations which encourage transparency by lenders when it comes to disclosing the cost of borrowing. Such regulations are intended to balance any real or perceived inequities between savvy financial institutions and borrowers. This article explores Section 4 of the Interest Act and describes how lenders can protect themselves from inadvertently taking a “haircut” on pricing.
Financial Services Flash - Ontario Repeals Bulk Sales Act
March 24, 2017
A century ago, Ontario drafted legislation to protect unpaid creditors from their debtors selling assets in bulk outside of the ordinary course of business. Over the years, with the introduction of other, more efficient creditor protection legislation, the business community began to consider bulk sales legislation to be an inefficient and outdated means of protection and it became more of a source of frustration, creating additional cost and risk with limited return.
Tax News Flash - Canadian Federal Budget 2017
March 22, 2017
On March 22, the Minister of Finance released the federal budget. This Tax News Flash provides a comprehensive discussion of the important tax changes contained in Budget 2017.