Hamilton Ontario Business Law Blog

Are Cryptocurrencies Considered A Security?

According to the Canadian Securities Administrators (CSA), the short answer is maybe. The longer answer is a bit more complicated.

A cryptocurrency is generally a form of digital currency that works in a manner different than currencies that operate through traditional banking systems. The most well-known of these is Bitcoin, although there are other types of cryptocurrencies that have been created in recent years.

Vacation Pay And Terminations

As the year winds down, many employees may be wondering what to do with their remaining vacation days. Some companies may let you carry over your unused vacation days. Others may only let you carry over a certain number of days, and any remaining unused days are lost at the end of the year.

If you were to be terminated, what happens to vacation days? How many would your employer pay you for? What if you already used them for a lengthy vacation earlier in the year?

Taking Advantage Of Tax Shelters

As the end of the year draws near, many companies are busy putting the closing touches on any last-minute transactions, acquisitions, payout or benefits for the corporate taxable year. Pretty soon, it will be time to file taxes for 2019, and many business owners want to make sure they have capitalized on any potential tax savings before December 31.

At outlined in a recent article from The Globe and Mail, there are certain ways that a corporation can reduce what the article refers to as “ HYPERLINK "" overtaxitis”. The article explains that this is idea that a company faces a more severe financial tax burden due to not taking advantage of available tax breaks.

What is an independent contractor?

An independent contractor is a little different than an employee. As such, both the employer and the contractor should be aware of what types of legal restrictions and expectations may be included in a work agreement.

In some cases, even if an individual is hired as a contractor, the individual may actually be an employee. According to the descriptions laid out on the ntario website, employment laws look at the relationship between a person and the business, not the label given to a worker. This means that if you think you should be receiving employee benefits even though you are a contractor, the law will examine the relationship you have with the business and determine if you meet the criteria of an employee.

Harassment and the “MeToo” Movement

The “MeToo” movement is an on-going, large-scale activism movement against sexual harassment. It gained widespread attention in 2017 through public allegations of various degrees of harassment in the workplace against Hollywood producer Harvey Weinstein. More victims come forward soon afterwards with their own experiences in a variety of professions.

Where has the “MeToo” movement brought us in 2019? According to a recent article in The Hamilton Spectator, the “MeToo” has helped people recognize sexual harassment for what it is, how prevalent it is in the workforce, and the mental and physical toll it can have on it’s victims.

Patent Applications

Intellectual property rights are a way for people to protect their ownership rights regarding the long-term benefits on something they have created – whether it be art, designs, a name or a product. Specifically, patent rights protect the creator of an invention. The invention can be a product or a process, and patent laws allow the creator legal protection from any duplication for a certain amount of time.

As the creator of a new product or process, you want to be compensated for the work that you’ve done. Patent laws allow you to control who you wish to use your invention, or how it should be distributed. There are a number of criteria to meet and documentation required for your patent application. Also, since the duration of a patent can be lengthy, it’s usually crucial for an inventor to make sure they patent something first in order to obtain these rights.

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