Alberta Court of Appeal Ranks CCAA Super-priority Charges Ahead of CRA’s Deemed Trust, but Uncertainty Remains
Oct 22, 2019Alberta Court of Appeal held super-priority charges granted in a Companies' Creditor Arrangement Act proceeding may take priority over statutory deemed trusts claims advanced by the Crown
A Call to Action on Open Banking
Jul 3, 2019On June 19, 2019, the Standing Senate Committee on Banking, Trade and Commerce (“the Committee”) published a report on open banking entitled Open Banking
An Update on the B-20 “Stress Test”
Jun 18, 2019The Office of the Superintendent of Financial Institutions (OSFI) has indicated that Guideline B-20 is working, and that the associated “stress test” has improved the resilience of the Canadian financial system.
Why Rewards Programs may not be so Rewarding for Credit Card Issuers
Jun 6, 2019The Tax Court of Canada (the “Court”) recently confirmed that participation in certain reward and loyalty programs, such as Aeroplan, may have significant tax implications for Canadian banks, and other issuers of credit card products.
Proposed Digital Charter Could Bring Sweeping Changes to Canadian Privacy Laws
May 23, 2019On May 21, 2019, the Canadian federal government released a proposed Digital Charter
Canadian Corporate & Restructuring Legislation: Changes Could be on the Way
May 10, 2019Bill C-97 (the “Bill”) was introduced in Parliament to implement the federal budget tabled by the Liberal government on March 19, 2019.
Financial Institutions: OSFI’s Heightened Cyber Security Incident Reporting Obligations Now In Effect
Apr 8, 2019OSFI published the Technology and Cyber Security Incident Reporting Advisory, which sets out OSFI's expectations for reporting technology and cyber security incidents.
Banking Regulation 2019
Mar 28, 2019Banks in Canada have been continuously recognized as amongst the soundest and safest across the globe.
Open for Business? An Overview of Open Banking in Canada
Feb 22, 2019The concept of open banking is emerging internationally as the potential future of the banking industry
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