• stock certificates

    Recent amendments to National Instrument 45-106 – Prospectus Exemptions (“NI 45-106“) have made conducting a rights offering much quicker and more cost-effective. The new rights offering exemption in Section 2.1 of NI 45-106 now allow you to avoid a review by the regulators on your rights offering circular. In the past the average rights offering would take about 85 days; of which the regulatory review …

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  • 45-106F1

    Overview: The new Form 45-106F1 requires a lot more information and now requires standardized electronic filing on SEDAR for reporting issuers and non-reporting issuers (i.e. private companies). For those submitting the new Form 46-106F1 in Ontario and BC, you must still use the BCSC and OSC websites. For all other provinces you must use SEDAR – this means setting up an issuer profile, have a …

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  • Paying Fees, OSC Fees, Participation Fees

    OSC Participation Fees Were Not Reflective of Current Market Cap On April 1, 2013 a revision to OSC Rule 13-502 came into effect which changed how OSC participation fees for reporting issuers were calculated. These changes included a concept called a “reference fiscal year” which was, in certain cases, deemed to be the participant’s last fiscal year ending before May 1, 2012. This was an impactful change …

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  • Offering memorandum

    On October 29, 2015 the Ontario Securities Commission (“OSC”) along with other Canadian Securities Administrator (“CSA”) jurisdictions published certain amendments to National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) allowing Ontario investors to purchase securities by way of offering memorandums. This is a fantastic development for issuers because they can now offer their securities on an exempt basis to a much broader scope of individuals. Raising capital in Ontario is no longer bound …

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  • Doctors, dentists, CPAs

    Corporate Counsel can get your Ontario professional corporation incorporated quickly and cost effectively. We have several packages for Ontario professional corporations depending on the type of profession you practice: Price above exclude HST but include disbursements. In addition, Corporate Counsel is offering CPA and LSUC professional corporations the opportunity to add on a minute book, by-laws, and organizational resolutions and share certificate for an additional $500 …

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