CANADA Trends and Developments Contributed by: Linda Fuerst and Melissa MacKewn, Crawley MacKewn Brush LLP
the costs of the securities regulator’s investigation of and prosecution against them. Unlike in civil litigation before Canadian courts, costs orders before the CMT are a one-way street. A respondent who is success - ful in avoiding a finding of wrongdoing has no ability to recover the costs of the defence, which can be extremely expensive in complex matters. In proceed - ings approaching seven hearing days, recent costs awards have varied significantly, ranging from approx - imately CAD200,000 to CAD600,000 ( Feng (Re) , 2023 ONCMT 43; Paramount Equity Financial Corporation (Re) , 2023 ONCMT 20). In lengthier proceedings, costs can be even more significant. In a recent deci - sion, a combined total of over CAD1.2 million in costs was ordered to be paid by two respondents ( Bridging Finance Inc (Re) , 2025 ONCMT 10).
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