01-April-2008

Attached please find updated information which may assist you in planning matters in New Brunswick and Nova Scotia.

NOVA SCOTIA

Effective April 1, 2008, the Nova Scotia Government has reduced the annual renewal tax for unlimited companies from $2750 to $1000, making NSULCs competitive on cost with other options.  The incorporation tax for NSULCs continues to be $1000.

All other Nova Scotia Government fees increased by 1.9% effective April 1, 2008.

A summary of the new fees and taxes is attached for your reference.

Please note that amendments to the Companies Act (Nova Scotia) are about to come in to force which, while retaining all the traditional benefits of being in Nova Scotia, will eliminate all of the usual irritants.

Please download Client Update for more information.
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NEW BRUNSWICK

Attached please find a summary of updated filing fees and required documents for basic transactions involving incorporation and extra-provincial corporations pursuant to the provisions of the Business Corporations Act (New Brunswick).  The New Brunswick Act continues to provide CBCA type provisions with unique advantages such as the absence of Canadian residency requirements for corporate directors.  A summary of these advantages is available upon request.

Please download Client Update for more information.
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Should you require assistance with respect to these, or any other matters involving Atlantic Canada, please contact any of the members of our Corporate Services Department located throughout the region:

http://www.smss.com/en/home/corporateservices/directory/default.aspx