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THE NEW HST: What all Home Buyers are Asking!

As part of its provincial budget, the Ontario government chartered a bill on March 26, 2009 that will adopt a single sales tax system tagged as...

The Income Tax Consequences for Selling Real Estate in Canada as a Non-Resident

Under section 116 of the Canadian Income Tax Act, non-resident vendors disposing of certain taxable Canadian property (partially listed below) are to notify the Canada Revenue...

A Note to Condominium Developers

Condominiums are becoming increasingly important as more people choose to live in condos. In recent years, the condo industry has been booming in Canada with new...

CONDOMINIUM LAW: Rules and by-laws you should know prior to purchasing.

Unit owners must comply with the specific rules and by-laws of the condominium corporation, otherwise the Corporation has the right to get a court order directing compliance and...

CONSTRUCTION LIEN: Basics

Basically, a construction lien is a remedy available for someone who improves someone else's property by way of supplying materials and or labour.  If that person is owed monies...

REGULATING THE PROPERTY MANAGEMENT OF YOUR CONDOMINIUM

The residential condominium is now a modern way of living to get away from all the daily chores of home ownership. Living in a condominium is...

RESOLVING DISPUTES OUTSIDE OF COURT

Dispute resolution (a term used often along with conflict resolution and alternative dispute resolution), is a range of means for reducing or altogether removing conflict. A...

The Basics of Corporate Income Tax and Shareholders’ Dividend Tax

A corporation is a legal entity separate from its owners, the share holders, and is subject to federal and provincial income taxes (like individuals). There are...

Death Tax, Probate Tax, Estate Tax, Inheritance Tax, Wealth Tax and Final Income Taxes; which of these should we Canadians be concerned for?

Unlike some other countries in the world, Canada does not impose taxes on wealth or the value of an inheritance upon death; but in its place Canada...

ESTATE ADMINISTRATION: Why, and what is done once someone passes?

In law, an estate can be defined as the personal, real, tangible and intangible property of an individual along with things of value to which the person (now dead)...