Banking, Bankruptcy & Insolvency
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April 22, 2026
Court rejects set-off of HST in supplier insolvency case
The B.C. Court of Appeal has rejected a bid by a purchaser to rely on a contractual set-off clause to avoid paying HST where a supplier failed to remit the tax before becoming insolvent, confirming that the obligation to pay HST is owed to the Crown, not the supplier.
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April 22, 2026
Kim Ferreira joins Dickinson Wright in Toronto as partner
Dickinson Wright has added Kim Ferreira as a partner in its Toronto office.
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March 27, 2026
Federal Budget Implementation Act receives royal assent
Bill C-15, the Budget Implementation Act, 2025, No. 1, received royal assent on March 27. According to a government release, this “key piece of legislation will help the government deliver on its plan to build one united economy, empower Canadians to get ahead, and protect our country and sovereignty — today, and for generations to come.”
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March 27, 2026
Financial Consumer Agency of Canada releases report on AI impacts on financial industry
The Financial Consumer Agency of Canada (FCAC) has released a report highlighting AI issues related to “consumer financial well-being and protection, security and cybersecurity, financial crime and financial stability.”
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March 25, 2026
Ottawa & provinces roll out disparate views on the ‘notwithstanding’ clause at Supreme Court
Before the Supreme Court of Canada reserved its impending historic decision on March 26, the top court heard starkly different interpretations this week about the nature and operation of the Charter’s s. 33 “notwithstanding” clause.
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March 18, 2026
SCC asked to review FCA ruling that Ottawa wrongly declared nat'l emergency during trucker blockades
Ottawa’s request to appeal to the Supreme Court of Canada court rulings below which held that the federal government wrongly declared a national “public order” emergency in 2022 argues that there are three issues “of public importance” that warrant the top court’s determination.
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March 13, 2026
New regulations will cap NSF fees at $10
New regulations have come into force, capping the non-sufficient fund (NSF) fees that federally regulated banks can charge Canadians. According to a government release, this new measure will “help all consumers, especially those who are financially vulnerable.”
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March 11, 2026
Ottawa extends temporary work-sharing EI measures to help employers avert mass layoffs from tariffs
The federal government is extending temporary special measures under the employment insurance work-sharing program until March 31, 2027, from March 6, 2026, to help employers facing unexpected slowdowns avoid layoffs and maintain stability for their workers.
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March 09, 2026
Ontario appoints first military defence representative
The Ontario government has appointed its first military defence representative to promote the province’s defence industry in global markets and attract new defence investment while helping companies find opportunities to grow their export.
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March 06, 2026
Competition commissioner emphasizes importance of open banking, data portability for consumers
Acting Commissioner of Competition Jeanne Pratt made her first speech as acting commissioner at the Open Banking Expo Canada 2026, noting that Canada is close to bringing open banking and data portability for consumers, calling for a robust regulatory framework for the legislation.