In its 2015 budget, the Ontario government stated its intention to review Ontario's corporate and commercial statutes "to ensure Ontario has modern laws that facilitate an efficient market and prosperous business climate." Over 60,000 new corporations are created each year, according to the statistics in the Ontario budget.
The government also confirmed its intention, which was outlined in the 2014 Economic Outlook and Fiscal Review, to re-examine the regulation of financial advisory and planning services. An expert committee has been appointed to consider the regulation of financial advisers, including financial planners. The target date for the submission of the committee's report is early 2016. No other details have been provided.
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Previously published in STEP Inside - October 2015
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