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With interest rates hovering around all-time lows, the desire of commercial borrowers to lock-in long-term mortgages has, arguably, never been greater. A new federal regulation which has just taken effect should give certainty to long-term lenders regarding loans to entities that are not corporations or individuals.

Historic changes in the laws governing the internal affairs of both federally-incorporated and, in Ontario, provincially-incorporated non-share capital corporations, which include registered charities and trade associations, are taking place this year.

High technology notwithstanding, wages, salary and benefits remain among the largest costs that businesses must meet. The effective management of these costs remains a key to profitability.