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👨⚖️ Pierre Roy & Associés – Syndic autorisé en insolvabilité – Brossard, QC
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💡You can legally start and operate a new business as a sole proprietorship while bankrupt in Canada, but you are strictly forbidden from acting as a director of an incorporated…
💡If a creditor, your Licensed Insolvency Trustee (LIT), or the Office of the Superintendent of Bankruptcy (OSB) opposes your bankruptcy discharge, your automatic discharge is cancelled. You will be required…
💡In Canada, a Consumer Proposal results in an R7 credit rating. Both Equifax and TransUnion will remove this record 3 years after you complete your payments, or a maximum of…
📍A bankrupt’s discharge legally releases you from the obligation to repay your debts, allowing you to rebuild your credit. In contrast, a Licensed Insolvency Trustee (LIT) discharge happens much later…
💡In most Canadian provinces like Ontario, Alberta, and British Columbia, the statute of limitations on unsecured debt is 2 years. However, this legal clock can be reset immediately if you…
💡To revive an annulled consumer proposal in Canada, you must act within 30 days of the annulment by paying all missed payments to your Licensed Insolvency Trustee (LIT). If more…
💡In Canada, if you miss three cumulative payments on your consumer proposal, it is automatically deemed annulled. Your original debts are fully reinstated, and creditors can immediately resume collection actions,…
🎓To obtain your bankruptcy discharge in Canada, you are legally required to complete two mandatory credit counselling sessions. These sessions are designed to help you rebuild your financial literacy and…
💡In Canada, the First Meeting of Creditors is exceedingly rare for standard personal bankruptcies. It is only required if the Office of the Superintendent of Bankruptcy (OSB) mandates it, or…
❗In Canada, filing for bankruptcy or a consumer proposal triggers an automatic Stay of Proceedings. Your Licensed Insolvency Trustee (LIT) will usually fax or email this legal document to your…
📄Yes, a consumer proposal can be rejected. Creditors hold a vote, and if those representing more than 50% of the dollar value of your proven debt vote “No,” the proposal…
💡The OSB sets annual Surplus Income limits based on your family size. If your net monthly income exceeds this federal limit by more than $200 CAD, you must pay 50%…
💡In Canada, a first-time bankruptcy results in an R9 credit rating. This notation remains on your Equifax report for 6 years after your date of discharge, and typically stays on…
💡A third-time bankruptcy in Canada never qualifies for an automatic discharge. You are legally required to attend a mandatory court hearing where a bankruptcy judge will scrutinize your financial history…
💡A straightforward, first-time personal bankruptcy in Canada typically costs around $1,800 CAD, governed by the federal Office of the Superintendent of Bankruptcy (OSB) tariff structure. This baseline cost is usually…
💡If you are deeply insolvent but cannot afford the standard $200 monthly Licensed Insolvency Trustee fee, you may qualify for the federal Bankruptcy Assistance Program (BAP). You will still need…
💡In Canada, a first-time bankruptcy typically takes 9 months to complete if your income is below federal limits. However, if your net household earnings exceed the surplus income threshold by…
💡A second bankruptcy in Canada takes significantly longer than a first. You will face a mandatory 24-month timeline if you have no surplus income, and a severe 36-month timeline if…
💡Yes, you can absolutely pay off a Consumer Proposal early in Canada, and there are no prepayment penalties. Paying off your balance via a lump sum or higher monthly payments…
💡To protect an aftermarket automotive part in Canada, you can file a utility patent for how the part functions or an industrial design for how it looks. Filing your application…
💡While Canada and the US both offer a 12-month grace period for public disclosures, their patent systems have critical differences for tech founders. Specifically, the Canadian Intellectual Property Office (CIPO)…
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🎯 Specialization: Bankruptcy, Consumer Proposals, Debt Consolidation, Insolvency
🗣️ Languages: French, English
📍 Address: 6400 Av. Auteuil, Brossard, Quebec
🏢 Est: 1990
🎯 Specialization: Civil Litigation, Corporate Law, Family Law, Insolvency
🗣️ Languages: English
📍 Address: 123 2 Ave S, Saskatoon, Saskatchewan
🏢 Est: 1963
🎯 Specialization: Bankruptcy, Insolvency, Real Estate, Civil Litigation, Wills and Estates
🗣️ Languages: English
📍 Address: 220 4 St S, Lethbridge, Alberta
✨ Free Consultation
🎯 Specialization: Consumer Proposals, Personal Bankruptcy, Tax Debt, Student Loan Debt
🗣️ Languages: English, French
📍 Address: 1900 City Park Dr, Ottawa, Ontario
🏢 Est: 1999
🎯 Specialization: Commercial Financing, Insolvency and Collections, Estate Litigation
🗣️ Languages: English, French
📍 Address: 300-1565 Carling Avenue, Ottawa, Ontario
🏢 Est: 1976
🎯 Specialization: Insurance Defence, Construction Litigation, Cyber Risk, Class Actions
🗣️ Languages: English, French
📍 Address: 630 René-Lévesque Blvd W, Montreal, Quebec
🏢 Est: 1933
✨ Free Consultation
🎯 Specialization: Consumer Proposals, Personal Bankruptcy, Debt Consolidation, Credit Counselling
🗣️ Languages: English
📍 Address: 216 Chrislea Rd, Vaughan, Ontario
🏢 Est: 1999
🎯 Specialization: Commercial Debt Collection, Judgment Enforcement, Insurance Subrogation, Estate Litigation, Cross-Border Disputes
🗣️ Languages: English, French
📍 Address: 215 Rue Saint-Jacques, Montreal, Quebec
🏢 Est: 1925
🎯 Specialization: Debt Recovery, Judgment Enforcement, Small Claims Court, Landlord and Tenant Board, Rent…
🗣️ Languages: English
📍 Address: 4551 Zimmerman Ave, Niagara Falls, Ontario
🎯 Specialization: Business Law, Insolvency, Real Estate, Labour Law
🗣️ Languages: English
📍 Address: 2002 Victoria Ave, Regina, Saskatchewan
🏢 Est: 1977
⚙️ Services: Tribunal Orders, Case Filings
📍 90 Sparks St., Ottawa, Ontario
📅 Appt. Recommended
⚙️ Services: Court Orders, Judgments, Hearing Lists, Case Summaries
📍 90 Sparks St., Ottawa, Ontario
📅 Appt. Recommended
⚙️ Services: Registry Services, Appellate Division, Courts Administration Service
📍 701 W Georgia St, Vancouver, British Columbia
📅 Appt. Recommended
⚙️ Services: Social Insurance Number, Passports, Records of Employment
📍 118B-1835 Gordon Dr, Kelowna, British Columbia
⚙️ Services: Federal Prosecution, Drug Prosecution Team, Regulatory Compliance
📍 50 Eagle St W, Newmarket, Ontario
📅 Appt. Recommended
⚙️ Services: Social Insurance Number, Canadian Passport, Employment Insurance, Canada Pension Plan
📍 9700 Jasper Ave, Edmonton, Alberta
⚙️ Services: Citizenship Certificates, Permanent Residence Confirmation
📍 29 Duke St E, Kitchener, Ontario
🚶 Walk-ins Welcome
⚙️ Services: Federal Policing, Major Crimes Unit, Traffic Services, Operational Communications Centre
📍 1091 Portage Ave, Winnipeg, Manitoba
⚙️ Services: Community Corrections, Parole Supervision, Offender Reintegration
📍 704 4 Ave S, Lethbridge, Alberta
📅 Appt. Recommended
⚙️ Services: Secure Certificate of Indian Status, Treaty Annuity Payments, Estate Services
📍 10 Rue Wellington, Gatineau, Quebec
Welcome to the Canada Money, Taxes & IP guide centre. Here you will find comprehensive resources covering everything from federal tax compliance to protecting your intellectual property, based on current national regulations.
Managing finances, corporate taxes, and intellectual property (IP) across Canada requires navigating a complex web of federal and provincial laws. Whether you are an entrepreneur launching a startup, an established business protecting a new invention, or an individual facing a complex tax audit, safeguarding your assets is vital for long-term success.
Intellectual property rights, such as trademarks, patents, and copyrights, are strictly governed at the federal level to ensure your creations are protected coast to coast. Meanwhile, tax obligations and corporate finance laws demand strict compliance with federal statutes to avoid severe financial penalties and protect your bottom line.
In Canada, federal tax disputes and appeals are exclusively handled by the Tax Court of Canada, which provides an independent forum for individuals and businesses to challenge assessments made by the government. For matters involving intellectual property disputes, such as patent infringement or trademark battles, cases are typically litigated in the Federal Court of Canada.
Daily interactions regarding these areas involve critical federal agencies. The Canada Revenue Agency (CRA) administers tax laws for the Government of Canada and most provinces, while the Canadian Intellectual Property Office (CIPO) is responsible for the registration and regulation of patents, trademarks, copyrights, and industrial designs nationwide.
Tax codes, bankruptcy laws, and IP regulations are incredibly intricate and subject to strict statutory deadlines. We strongly advise against attempting to represent yourself in a tax audit, drafting complex patent applications, or litigating financial disputes without professional guidance, as critical errors can lead to devastating financial losses.
A qualified Canadian tax or intellectual property lawyer can provide strategic advice, negotiate with federal agencies, and aggressively protect your creations and assets in court. You can find a list of relevant local lawyers and government agencies at the top of this page to assist you with your specific financial and legal needs.
A trademark protects branding elements like business names, logos, and slogans that distinguish your goods or services in the marketplace. A copyright protects original literary, artistic, musical, or dramatic works from being copied or reproduced without permission.
If you disagree with a Canada Revenue Agency (CRA) assessment, you must first formally file a Notice of Objection within 90 days of the assessment date. If the CRA upholds their decision, you can then appeal directly to the Tax Court of Canada.
In Canada, a standard patent provides exclusive rights to an invention for 20 years from the date the patent application was originally filed, provided all necessary maintenance fees are paid on time.
Yes, if you ignore repeated demands for payment, the CRA has broad statutory powers to garnish your wages, seize your bank accounts, or place a lien on your property without needing a traditional civil court order.
No, copyright exists automatically the moment you create an original work and fix it in a tangible format. However, registering your work with CIPO provides a formal certificate of registration, which serves as powerful evidence in court if someone infringes on your rights.
A CCPC is a specific type of private corporation resident in Canada that is not controlled by non-residents or public corporations. CCPCs benefit from various tax advantages, most notably the Small Business Deduction on active business income.