Information About Devry Smith Frank Blog

Directors of a corporation shoulder significant responsibilities in managing a corporation. The corporate veil will generally shield a director from personal liability by recognizing the corporation as a separate legal entity. However, under both the Income Tax Act and the Excise Tax Act, directors … Read more »

As of October 1, 2025, the monetary limit for claims brought before the Ontario Small Claims Court will see a substantial increase, a change that will directly affect future litigants. Currently, claims can be commenced in Small Claims Court for amounts up to $35,000.00. Appeals from Small Claims Co … Read more »

What if I told you, having the most babies in a decade could make you a millionaire? In 1926, this wasn’t a hypothetical; it was the premise of one of the most bizarre contests in legal history. This all began with a man named Charles Millar. Mr. Millar was a well-known and wealthy Toronto lawyer wh … Read more »

When a marriage or common-law relationship comes to an end, many people assume that a separation agreement or equalization payment resolves all outstanding issues. However, this is not always true, and certain complications can resurface after one party passes away. If the deceased party has life in … Read more »

One of the benefits of incorporation is that it allows for the use of dividends, which can be taxed at lower rates through the dividend tax credit regime. The plot twist? Not all dividends are made equal. Dividends are taxed at differing rates depending on their type, and misclassifying the kind of … Read more »