Amendments to Regulations made under the Municipal Act, 2001 and the City of Toronto Act, 2006 – Conditional Loans with the Canada Infrastructure Bank
Reg. 654/05 (Debt-Related Financial Instruments and Financial Agreements, under the Municipal Act, 2001) and O. Reg. 610/06 (Financial Activities, under the City of Toronto Act, 2006) were amended on December […]
WeirFoulds is a Proud Sponsor of MFOA’s 2018 Annual Conference: COLLABORATE – We’re Better Together
Municipal finance professionals asked… and MFOA delivered! This year’s collaborative conference will cover priority topics requested by industry professionals themselves, including a deep dive into financial instruments, multi-year budgeting, GST/HST […]
Procuring Infrastructure Public Private Partnerships Report 2018 – The World Bank
WeirFoulds Partners Brad McLellan, Dan Ferguson, Heather Douglas and Associate Linda Malicki listed as Canada contributors in the recently published Procuring Infrastructure Public-Private Partnerships Report 2018.
Powers of Outgoing Municipal Councils in an Election Year – Reminder
As you know, regular municipal elections are to be held on the fourth Monday in October. This year’s municipal election will take place on Monday, October 22, 2018. Nomination papers […]
New Investment Powers: Prudent Investor Standard and Legal List Amendments
1. NEW PRUDENT INVESTOR STANDARD Prudent Investor Regime Section 418.1 of the Municipal Act, 2001 (the “Act“) that authorizes municipalities (other than the City of Toronto) to opt into the prudent investor […]
New Investment Powers: Prudent Investor Standard and Legal List Amendments
1. NEW PRUDENT INVESTOR STANDARD Prudent Investor Regime Section 418.1 of the Municipal Act, 2001 (the “Act“) that authorizes municipalities (other than the City of Toronto) to opt into the prudent investor […]
Prudent Investor Legislative Provisions Update – Fifth
The provisions of the Municipal Act, 2001 regarding the new prudent investment powers have been proclaimed in force as at March 1, 2018. However, the new prudent investor regime will not be […]
Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure
Infrastructure for Jobs and Prosperity Act, 2015 (“IJPA”) in section 6(2) sets out principles for the provincial government to regulate asset management planning for municipalities. On December 27, 2017, O. Reg. 588/17(the “Regulation”) under the IJPA was released.
Prudent Investor Legislative Provisions Update – Fourth
Earlier today the Ministry of Municipal Affairs advised that the regulation to be made under section 418.1 of the Municipal Act, 2001 will not come into effect on January 1, 2018. We understand that the Ministry plans to take additional time to consider the feedback that it received in respect of the summary of the proposed municipal prudent investor rules that the Ministry posted in the early part of October.
Prudent Investor Legislative Provisions Update – Third
On Monday, October 10, 2017 the Ministry of Municipal Affairs posted on Ontario’s Regulatory Registry a summary of proposed regulatory changes under the Municipal Act, 2001 and the City of Toronto Act, 2006. […]
Prudent Investor Legislative Provisions Update – Second
Further to our update of September 14, 2017, the changes to the Municipal Act regarding prudent investment have not yet been proclaimed in force. We are monitoring them closely and […]
WeirFoulds Infrastructure Forum featured in ReNew Canada
On September 12, 2017 WeirFoulds hosted its annual Infrastructure Forum to discuss municipal infrastructure projects that can revitalize downtown areas and serve as drivers of economic development.
Prudent Investor Legislative Provisions Update
We have been advised by a communications official at the Ministry of Municipal Affairs that the prudent investor provisions under the Municipal Act, 2001 (the “Act”) are expected to be proclaimed in force next week (no reference however to the relevant regulations).