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Dec
23,
2014
Taxation of a MIC, a Mortgage Investment Corporation
The MIC itself will not pay income tax so long as the profits are flowed through to the shareholders and taxed in their hands. This is...
Dec
23,
2014
Managing A MIC, a Mortgage Investment Corporation
The creation of a MIC is similar to other corporations in the method of organization, election of directors/officers and the faculty to appoint committees, hire employees,...
Jan
28,
2014
MICs: The Technical Aspects of a Mortgage Investment Corporation
TYPE OF ENTITY FOR A MORTGAGE INVESTMENT CORPORATIONA Canadian Corporation throughout the taxation year where its business only undertakes to invest its funds, and thereafter qualifies...
Nov
12,
2013
What`s New in the Law for Motor Vehicle Accidents?
In September 2010 some significant changes were made to the SABS – the Statutory Accident Benefits Schedule. These changes impact what benefits are available to an...
Sep
26,
2013
Buying or Selling a Home with an Oil Tank
What you need to be aware of when buying or selling a home with an oil tankOn June 28, 2001, the Ontario Legislature enacted the new...
Sep
26,
2013
Parent and Grandparent Super Visa
Effective December 1, 2011, parents and grandparents of Canadian Citizens or Permanent Residents may apply for a Parent and Grandparent Super Visa to allow for extended...
Aug
14,
2013
A MIC or a Mortgage Investment Corporation: What are they and how do you start one?
With significant potential for favourable rates of return and previously instituted tax exemptions, Canadian Mortgage Investment Corporations (MIC’s) are increasingly becoming recognized as a low-risk method...
Jul
16,
2013
What Is A Heritage Building in Toronto, Ontario?
The City of Toronto has been experiencing a shift of rapid development, and the scarcity of property resources accessible for further growth have led developers to...
Dec
4,
2012
Professional Corporations: What are they and how are they different from any other corporation?
Prior to the end of 2001, professionals could not incorporate their practices except as allowed by the laws that regulated their specific profession (all compliant professional...
Oct
24,
2012
CONDOMINIUM LAW: Too Many Loud Parties in Your Condominium Building?
Recently a Client who owned a condominium unit in a condominium building, came into my office and complained that he was being a target of an...
