Business Law
New Law: B.C.’s Land Owner Transparency Act Effective November 30th
The Land Owner Transparency Act As of November 30, 2020, the Land Owner Transparency Act (“Act/LOTA”) will be in effect. The Act was created by the BC government as a measure to assist with tax evasion, fraud, and money laundering. The LOTA will be the first of its kind in Canada. The Act has established…
Read MoreBusiness in BC: Dr. Henry Announces Increased Covid-19 Measures
Dr. Bonnie Henry, British Columbia’s Provincial Health Officer, announced various Province-wide restrictions today that have an impact on Businesses in BC. BC Employers must review and reinforce their efforts on their COVID-19 Safety Plan A reminder that every business must have a Covid-19 Safety Plan which can be readily viewed by staff and members of…
Read MoreBC Companies and the Mandatory Transparency Register
As of October 1, 2020, private companies incorporated under the BC Business Corporations Act (“Act”) are required to maintain and prepare a Transparency Register. This requirement came into effect to assist with the fight against financial crime. Register Requirements The Register requires a company to list each “significant individual” who directly or indirectly: owns or controls 25% or more of the shares or…
Read MoreBC Businesses: Do You Have a COVID-19 Safety Plan?
***November 19, 2020 – UPDATE – Dr. Bonnie Henry, Provincial Health Officer, announced various increased measures to curb the spread of Covid-19 in the Province. Click here to see how it affects your business. “Every employer in BC is required to have a COVID-19 safety plan that assesses the risk of exposure at their workplace…
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