Criminal Interest

DLG Corporate / Business, Litigation

“Neither a borrower nor a lender be…but if you must be a lender, exceed not the rate of interest that is criminal.” Polonius (if he had been a lawyer) There is in Canada a criminal rate of interest – exceed it, even accidentally, and there are consequences. The law is found in s. 347 of the Criminal Code, which says: …

Trust Exercises

DLG Corporate / Business, Wills & Estates

If you have a trust set up or are the beneficiary of a trust, then this article probably isn’t for you. If, however, you aren’t entirely certain what a trust is, or why people have them or if you need one, then read on. A trust is essentially a legal arrangement where a person (called the “settlor”) transfers the legal …

Federal or Provincial Incorporation?

DLG Corporate / Business

If you have decided to incorporate a new company, one of the first decisions you will have to make is whether you will incorporate under British Columbia or federal legislation. British Columbia companies are governed by the British Columbia Business Corporations Act (“BC Act”) and federal companies under the Canada Business Corporations Act (“CBCA”). There are a number of differences …