Commercial
A federal government proposal to change the income tax system affecting passive income generated within a company is raising some unanswered questions, a member of parliament suggested to brokers this week. One commercial brokerage president is calling for further study before changes are made. “As it stands, the broadest tax reform in decades, as tabled, […]
By Canadian Underwriter | November 15, 2017
2 min read
A construction subcontractor that was not fully paid and whose claim on a surety bond was denied had its case heard Tuesday before the Supreme Court of Canada. In 2009, Langford Electric Ltd. subcontracted directional drilling work to Valard Construction Ltd. on a Suncor Energy oil sands project near Fort McMurray, Alta. Langford was a […]
By Canadian Underwriter | November 8, 2017
4 min read
The Ontario government proposes to separate the administrator of the new home warranty program from the regulator of new home builders and vendors, but the ruling Liberals want to further study a recommendation to implement a multi-provider insurance system for new home warranties. The Ontario New Home Warranties Plan Act currently stipulates that Tarion Warranty […]
By Canadian Underwriter | October 19, 2017
The Institute for Catastrophic Loss Reduction is “seeking to better understand” why partially-built wood frame structures fail with high winds, ICLR said in a document it provided Monday to Canadian Underwriter. “Every year, several partially built single family homes, duplexes and other small wood framed structures in Canada collapse as a result of severe wind,” […]
By Canadian Underwriter | October 16, 2017
The federal government has ordered rail company OmniTRAX Inc. to complete railway repairs and resume rail service within 30 days to Churchill, Man., several months after the only ground transportation to town was flooded. Natural Resources Canada said in a statement on Friday that since the rail service disruption in late May, the Government of […]
3 min read
Small businesses in the construction industry face “undue risk” of not being paid in a timely manner, a member of the opposition Progressive Conservative party suggested to the Ontario legislature Tuesday. With late payments to construction contractors, “the issue is around the impediment to business and a threat to the viability of small businesses,” said […]
By Canadian Underwriter | October 5, 2017
Ontario’s Ministry of Transportation (MTO) has released further details on its planned road safety legislation this fall, including the creation of a new offence for careless driving causing death or bodily harm. The province’s Minister of Transportation, Steven Del Duca, and Minister of Tourism, Culture and Sport, Eleanor McMahon, were in Toronto on Wednesday to […]
By Canadian Underwriter | September 20, 2017
Just days after the province of Ontario announced that it would introduce legislation this fall that includes zero tolerance for drug-impaired driving for several classes of motorists, an organization and insurer have launched a Drug-Impaired Driving Learning Centre (DIDLC). The Ottawa-based Traffic Injury Research Foundation (TIRF), in partnership with State Farm Canada, launched the centre […]
Surety bonds written by licensed insurers will be mandatory for certain public construction projects in Ontario if a bill tabled Tuesday is passed into law. Bill 142, if passed into law, will “require surety bonds to be posted on public projects above a certain dollar amount,” Attorney General Yasir Naqvi told the Ontario Legislature Tuesday, […]
By Canadian Underwriter | September 13, 2017
Proposals in Ontario and federally to allow for taller wood buildings has attracted supporters and detractors, both of whom have different views on whether or not risks will also be higher.
By Greg Meckbach, Associate Editor | September 7, 2017
5 min read
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