In today’s innovation-driven economy, a startup’s most valuable assets often aren’t physical, they’re intangible. Your brand, product design, codebase, content, trade secrets, and creative concepts are all part of your intellectual property (IP). Yet despite their value, these assets are frequently under protected or entirely ignored in the early stages of business development. This oversight can have serious consequences. At […]

What is Form 45‑106F16 & Why It’s Required Form 45‑106F16 is the Notice of Use of Proceeds that non‑reporting issuers relying on the Offering Memorandum (OM) exemption under NI 45‑106 section 2.9 must file annually along with their audited financial statements (per subsection 2.9(17.19))(OSC).  Note that if you did not rely on the Offering Memorandum exemption in any or all jurisdictions in Canada pursuant to […]

Offering Memorandum Exemption under NI 45‑106 (Ontario) Eligibility & Purpose NI 45‑106 section 2.9 allows non‑reporting issuers to raise capital from the public via an Offering Memorandum (OM) distributed to investors who meet certain eligibility and investment limits; the issuer must file a Report of Exempt Distribution under that exemption. The OM must comply with Form 45-106F2 or F3 for qualifying issuers (OSC). The […]

Launching a new business is an exciting and energizing experience. There’s the thrill of innovation, the freedom of building something your way, and the hope that all your hard work will lead to long-term success. But amid the hustle, many startups overlook one of the most critical areas that can make or break their growth: legal foundations. At Levy Zavet, […]

New GST Rebate Helps First-Time Home Buyers Save Up to $50,000 In a major move to make homeownership more affordable for young Canadians, the federal government has announced a new Goods and Services Tax (GST) rebate for first-time home buyers. The initiative, unveiled on May 27, 2025, by Minister of Finance and National Revenue François-Philippe Champagne, is designed to reduce […]

This article is not intended to provide any accounting or tax advice, but merely to illustrate to condo builders some serious consequences of leasing their inventory condo units (note that same applies to freehold subdivisions and the like). The rule of thumb is that if “possession” is given for “occupancy” before or after registration of a condo development where the […]

In today’s fast-paced and uncertain world, planning for the future isn’t just smart — it’s essential. Whether you’re just starting to build wealth, growing your family, or entering your later years, having a comprehensive estate plan gives you and your loved ones peace of mind. At the heart of any solid estate plan are two critical documents: your Will and […]

Purchasing real estate—whether residential, commercial, or for development—is a significant investment. And like any major investment, it comes with its risks. That’s where due diligence comes in. Conducting thorough due diligence before acquiring property isn’t just a best practice—it’s essential for protecting your interests and avoiding costly surprises down the road. What Is Due Diligence? Due diligence in real estate […]

As the demand for affordable housing continues to rise across Canada, particularly in urban centres like Toronto, developers face increasing pressure to meet the needs of both current and future residents. While providing affordable housing presents significant challenges, understanding the legal landscape is crucial for developers looking to successfully navigate this complex sector. This blog explores key legal perspectives for […]