Government measures in key jurisdictions 2nd edition final pages - Flipbook - Page 25
Canada
The Ontario provincial government has activated its powers under the EMCPA, which
has had a significant impact on limitation periods in Ontario.
In accordance with the EMCPA, any limitation period has been suspended for the
duration of the emergency. This suspends any time-limiting provision in any statute,
regulation, rule, bylaw or order of the Ontario government for all proceedings in
Ontario. The order is retroactive to March 16, 2020.
British Columbia has suspended filing deadlines of Family and Civil claims until May 1,
2020, but all other filing deadlines and limitation periods continue to apply.
Further details of the temporary changes to limitation periods are located here.
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Tax
The Canadian Revenue Agency has implemented a number of administrative
concessions, including:
Has any new
•
legislation been
introduced in light •
of COVID-19?
•
extension of filing deadlines,
tax audit deferral,
sales tax and customs duty payment deferrals,
•
income tax deferrals, and
•
objections and appeals extension.
A summary of the key income tax measures can be found here and further details
regarding GST/HST relief and provincial income tax measures are discussed here.
Company
law matters
•
Have any measures
been put in place •
to accommodate
social distancing
(such as remote
general meetings)?
Certain Canadian provinces, including Ontario, have temporarily extended the
time frame in which public companies are required to hold annual meetings of
shareholders and provided an exemption for corporations to hold virtual meetings
despite any restrictions in the articles or by-laws.
More information related to the extension and the relief for companies to hold
virtual meetings can be found here and commentary on virtual annual general
meetings can be found here.
Government measures in key jurisdictions
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