A Canadian who lives in Canada and has income earned in another country, whether employment, rental, business or investment income, will generally be subject to Canadian tax, as well as sometimes
onerous additional disclosure requirements.
The Toronto Stock Exchange (the «TSX») has recently adopted final amendments to Parts IV and VI of the TSX Company Manual, following an initial proposal in 2016, that provide for new website disclosure requirements for certain TSX listed issuers and
additional disclosure requirements relating to security based compensation arrangements (the «Plans»).
But he does believe that
the additional disclosure requirements, tucked into a bill passed last June, was payback for past critiques by government reform groups on lack of ethics reforms in Albany.
Loans that are considered «high cost» are subject to
additional disclosure requirements and restrictions.
Additional disclosure requirements European based institutional investors and asset managers will become subject to additional disclosure requirements.