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  • IC89-2R3 Directors Liability - Canada. ca
    IC89-2R3 Directors' Liability You can view this publication in: HTML ic89-2r3-e html; PDF ic89-2r3-14e pdf; Last update: 2014-04-10 Page details Date modified: 2014-04-10 About this site Canada Revenue Agency (CRA) Contact the CRA; Update your information; About the CRA; Government of Canada All contacts; Departments and agencies;
  • A Quick Guide to Directors’ and Officers’ Duties and Liabilities in Ontario
    Every corporation registered under the Ontario Business Corporations Act is required by law to have a board of directors and it is customary for them to have at least one officer (whether they be a President, a Secretary, or a Chief Executive) But what exactly do directors and officers do?
  • Director Liability | Tax Debt | CRA - SpenceDrake Tax Law
    The director liability assessment must be issued within 2 years of the director’s resignation; The CRA must demonstrate that the director did not exercise the degree of care, diligence, and skill (“due diligence”) required to prevent the failure to deduct, withhold, remit, or pay
  • Director’s Liability in Canada: Understanding Legal Responsibilities
    Director’s liability is an essential concept for anyone serving as a corporate director or considering such a role This article explores the legal and financial implications of director’s liability, outlines common areas of risk, and provides strategies to mitigate exposure
  • Directors Liability Fiduciary Duty in Canada - Fasken
    While directors do not have a fiduciary duty to stakeholders, shareholders and other interested parties have the ability under Canadian corporate statutes to seek redress against a corporation or its directors under the oppression remedy
  • Directors Liability in Canadian Tax Law: Critically Analyzing the Due . . .
    The article begins by outlining the legal sources for directors’ liability under tax law in Part 1 It provides the history of the reasonably prudent person standard for directors’ liability in Part 2 In Part 3, the article looks to critical legal scholarship on the reasonable person and critical tax scholarship on the relationship
  • Director’s Liability: A Comprehensive Overview - Tax Partners
    Under Canadian tax legislation, directors can be held personally liable for specific tax obligations of their corporations, particularly for unremitted source deductions and GST HST This article delves into the nuances of director's liability, recent case law developments, and practical steps directors can take to protect themselves
  • Understanding the liabilities of a company director - Alan Boswell Group
    While insurances such as Management Liability or D O insurance can protect you should this arise, it's important to understand what your liabilities as a company director are Here, we’ll explore the circumstances in which directors can be held personally liable for legal issues
  • Rules for determining directors’ liability
    Rules for determining directors’ liability 6 The three basic rules of directors’ liability are: (a) the CRA must demonstrate its inability to recover the amounts directly from the corporation; (b) the CRA must issue the assessment against the directors within two years from the time they last ceased to be directors; and
  • Directors’ Duties and Liabilities in Canadian Corporations: A . . .
    Directors have the power to make company by-laws, authorize the issuance of securities, appoint officers of the corporation (like the CFO and CEO), and make other business arrangements The Canadian Business Corporations Act (CBCA) requires that incorporated companies elect at least one director





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