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 +At February 2023 Convocation, the Benchers approved amendments to the Law Society Rules to implement a mandatory principal training course. Amendment to Rule 704 requires that all lawyers who wish to act as principal to an articling student, regardless of previous experience, complete the course. Amendment to Rule 709 exempts lawyers who are acting as principal solely for the purpose...
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