On October 17, 2018, the Ontario government passed Bill 36 - the Cannabis Statute Law Amendment Act, 2018. Among other things, the new legislation enacted the Cannabis Licence Act, 2018, which regulates the licensing, operations, and oversight of private cannabis retailers in Ontario.
Businesses are often influenced by new laws on a local, provincial and national level. As of April 1, Ontario business owners will have to consider a new business law regarding equal pay for equal work. The legislation enacted at the start of the month includes some labour law changes, including requiring full-time and part-time or casual employees to make the same amount of money for the same work.
Lawmakers often pass legislation to protect consumers, though sometimes the laws they pass can be controversial to business interests. In Ontario, a new business law prevents door-to-door sales of items, including furnaces, air conditioners, air purifiers, water heaters, water filters and duct cleaning. The government says the legislation is in response to approximately 4,000 complaints from consumers across the province about deceptive door-to-door sales practices related to these products.
Many employees have questions and concerns regarding the new minimum wage and employee protections. Businesses may also wonder how the government plans to enforce these regulations. In Ottawa, a labour council is taking steps to give employees options if their employer is not abiding by the new regulations.
All Canadian citizens need to keep a close eye on law changes throughout the country. For business owners, it is particularly critical to keep abreast of any changes to Ontario business law. The new year has brought several legislative changes that will affect employers and workers across the province and country.
Businesses always need to stay aware of changing legislation which may affect their operations. Ontario owners have a big update coming on January 1, 2018, when minimum wage increases to $14 per hour. The new business law will be accompanied by further labour reforms, including a corporate tax cut for small businesses and an increase in emergency leave entitlements.
The legalization of marijuana has been a hot topic in Canadian business news. Ontario has released a plan about how it will handle the substance under provincial business law. Others across the country and around the world are looking at how the marijuana industry, valued at $23 billion, will operate and be legislated.
When tax code changes are discussed, Canadian businesses are often a part of the conversation. Recently, they have come under discussion again, as new tax changes are being proposed by the federal government. Canada's Finance Minister posits that those who incorporate themselves draw income from their businesses, allowing them to pay lower corporate taxes. He is now proposing to close loopholes that allow these businesses to benefit from lower taxes. The proposed business law changes from Ottawa would address the growing number of incorporated professionals in Canada.
It takes a special kind of person to start a new business venture or to transform an existing business. In Ontario, there are several different forms that a business can take, each with its own sets of advantages and disadvantages. For example, instead of a sole proprietorship or partnership, the owner may choose to turn a business into a corporation, a type of company governed by a separate branch of business law.