Publication
“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Canada | Publication | August 2019
On May 17, 2019, in Information Bulletin 2019-5, the Quebec Ministry of Finance announced that it would now be mandatory to disclose to Revenu Québec nominee agreements that have tax consequences by filing an information return. The Bulletin provided that for nominee agreements concluded prior to May 17, 2019, the return must be filed no later than September 16, 2019 and that for those concluded on or after May 17, 2019, the return must be filed no later than 90 days following the conclusion of the nominee agreement.
On August 22, 2019, Revenu Québec announced that the deadline for filing information returns would be extended to the 90th day following the day the bill introducing the new measures receives assent. No bill has yet been introduced to this effect and, as a result, it will be several months before the new obligation comes into force.
The May 17, 2019 Bulletin raised many comments within the tax community, particularly regarding the fact that failure to introduce a bill made it difficult to understand this obligation’s precise scope of application.
The August 22 announcement helps to clarify these uncertainties for it is extending the filing deadline until the scope of this new obligation is more precisely defined.
You will be sent an update once the legislation referred to in the Ministry of Finance’s Information Bulletin is adopted.
Publication
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Publication
In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023