The Supreme Court of British Columbia has granted an injunction suspending the application of recently expanded mandatory reporting obligations in the Income Tax Act to members of the legal profession pending the outcome of litigation challenging the constitutionality of the provisions. This legal challenge was initiated by the Federation of Law Societies of Canada in a lawsuit filed on September 11, 2023....
Read More +The temporary injunction order obtained by the Federation of Law Societies of Canada in conjunction with a petition challenging the constitutionality of amended mandatory reporting obligations under the Income Tax Act has been extended to December 1, 2023. The hearing on the application for an injunction was held in the Supreme Court of British Columbia on October 20, 2023. The judge hearing...
Read More +The Federation of Law Societies of Canada is pleased to announce the launch of its online learning program, “Anti-Money Laundering and Terrorist Financing in the Canadian Legal Profession”. Developed as part of the long-standing commitment of the Federation and its members, Canada’s legal regulators, to the fight against money laundering and the financing of terrorism, the program is designed to...
Read More +Amendments to the Income Tax Act (“ITA”) expanding existing mandatory disclosure obligations, creating a new category of notifiable transactions, and deleting a provision that relieved parties from the disclosure obligation when it had been fulfilled by another party to the transaction, received Royal Assent at the end of June. The provisions, which require taxpayers and advisors, including legal counsel, to...
Read More +We all know that upskilling adds value to your firm, but did you know that professional development opportunities are also a great retention strategy? Encourage your articling students and associates to attend the upcoming Law Society of Saskatchewan Seminar Keys to Successful Oral Advocacy: All Your Questions Answered. This in-person seminar will be held on May 25th in Regina and...
Read More +The Law Firm Practice Management Assessment Tool (the “Assessment Tool”) is a central mandatory feature of the Law Society’s proactive approach to regulating law firms. There are two versions of the Assessment Tool accessible – one for sole practitioner firms and one for multi-lawyer firms. Implementation of the Assessment Tool began in April 2021, and is gradual in nature rolling...
Read More +As the Law Society continues to engage in a proactive approach to regulating law firms, the input of the Designated Representatives continues to be a valuable resource to aid and guide the Law Society as it works towards the three main goals of law firm regulation: Enhancing competency and accountability by helping firms identify and manage risk, while reducing the likelihood...
Read More +In recent weeks the Canadian government has enacted a number of sanctions against individuals and entities in Russia and Belarus in response to Russia’s invasion of Ukraine. Members of the Policy Counsel Counterpart Group – a group of senior law society policy counsel and managers – from the Federation of Law Societies of Canada (FLSC) have developed guidance on the...
Read More +The Law Society is advancing amendments to the Direct Supervision Requirements in Chapter 6 of the Code of Professional Conduct. We ask you to circulate this short survey to legal assistants/paralegals and paraprofessionals in your organization. We also invite lawyers in your organization to provide feedback by filling out the survey. The deadline to complete the survey is January 31. To learn more, here's...
Read More +As the 2021 election is now complete, we are inviting member perspectives on Bencher elections and invite all members to complete a short survey. The new deadline to complete the survey is Tuesday, January 4. As fiduciaries of the Law Society acting in the public interest, it is beneficial for Benchers to have diverse backgrounds and experience, yet members of equity-seeking groups...
Read More +