Highlights

  • DRW Energy Trading Canada ULC seeks approval to export electricity to the U.S. and is open for public input on its impact and communication with Canadian buyers.
  • The Canada Revenue Agency plans to revoke the registration of three charities for non-compliance.
  • The Canadian International Trade Tribunal will conduct hearings on product classification appeals.
  • Irene Stack has been permitted to run for a municipal election position in Newfoundland and Labrador.
  • BMO Life Assurance Company intends to reinsure its risks with Union Life, with policyholders able to review related documents.
  • Safety National Casualty Corporation plans to apply for the release of its Canadian assets, with a process for opposition in place.

Energy Export Application, Charity Revocations, Trade Tribunal Hearings, and Election Candidacy Approval

DRW Energy Trading Canada ULC has applied to the Canada Energy Regulator for authorization to export up to 1,752,000 MWh of electricity annually to the United States for ten years. The Commission seeks input from interested parties on the potential impact on other provinces and whether the applicant has informed Canadian buyers about available electricity and offered them favorable purchasing conditions. Submissions are due by May 26, 2025, and responses from the applicant are due by June 10, 2025.

The Canada Revenue Agency has issued notices of intent to revoke the registration of three charities for failing to comply with the Income Tax Act. The revocations will be effective upon publication in the Canada Gazette.

The Canadian International Trade Tribunal will hold hearings on appeals regarding the classification of polyethylene sheets and office chairs under the Customs Act. The hearings are scheduled for May 20 and May 27, 2025, respectively.

The Public Service Commission of Canada has granted permission to Irene Stack to run for a Councillor position in the municipal election for the Town of Petty Harbour-Maddox Cove, Newfoundland and Labrador, scheduled for October 2, 2025. [Source]

BMO Life Reinsurance Plan and Safety National Asset Release Notice

BMO Life Assurance Company plans to apply for approval from the Superintendent of Financial Institutions to have its risks reinsured by Union Life, Mutual Assurance Company. This includes all direct marketed life and accident and sickness insurance, pre-needs life insurance, participating life insurance, and group administered retirement savings plan risks in Canada. The transaction is expected to be completed after May 30, 2025, pending necessary approvals, despite non-assignment clauses in some contracts. Policyholders can review the reinsurance agreement and actuary report at BMO Life’s Toronto office or request copies via email or mail. Inquiries can be made through BMO Life’s toll-free call center.

Safety National Casualty Corporation intends to apply for the release of its Canadian assets, as per the Insurance Companies Act. Policyholders or creditors opposing this release can file their opposition with the Office of the Superintendent of Financial Institutions by June 2, 2025. [Source]

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