Last week I went to hockey game with some accountants. One of the Accountants was a self-proclaimed Harmonized Sales Tax (“HST”) expert. I informed him of my new found interest in how the laws of Canada apply to virtual currencies. Much to the chagrin of the other accountants at the game, he and I proceeded […]

In Martenfeld v Collins Barrow Toronto LLP, 2013 ONSC 4792, Collins Barrow Toronto LLP (“CBT”) completed journal entries to protect CBT’s capital from creditors, without making the necessary changes to the provisions in CBT’s partnership agreement (the “Partnership Agreement”). This oversight cost CBT $310,978.00 (CBT owed Marvin Martenfeld (“Martenfeld”) $260,788.25 instead of Martenfeld owing CBT […]