The global economic recession unavoidably affected the commercial leasing market in Canada. This has caused landlords and tenants to think over their respective bargaining positions when engaging into a commercial lease negotiation. Thus, the approach of negotiating and drafting a commercial lease will inevitably take into consideration the current economic reality of the business world.

Much too often I receive questions about the rights and restrictions that corporate shares carry with them, and what the concept of having different classes of shares is all about.  Thus, I decided to post up the most common examples of share classes and the way the rights were attributed to each class; so that you, the reader, may comment or ask questions using our commenting section below

Having regard to the wide scope of authority exercised by a company’s management (its directors and senior management officers), a broad range of duties and liabilities are  vested on them by the applicable laws. Actually, those onerous responsibilities are a measure of the complete and unquestioned trust, which the company and its owners (the shareholders) repose on such personnel. Quite a few of those

The provincial law in Ontario stipulates that a company doing business in the province should also incorporate there. Meticulously satisfying the incorporating requirements therein, along with advice from lawyers and accountants, the process of forming a company would not be difficult.

A client came into see me and wanted to transfer title to his property from his parents name to his and his wife.  He was concerned about land transfer tax because as a general rule, land transfer tax is always payable when a beneficial interest is transferred from one person to another, subject to excemptions such as inter-spousal transfers.

Every business has a different setup to them, however, whether there is local or set up through somewhere like https://www.singapore-company-registration.net overseas. If you have shareholders it helps to know what to expect during a shareholders’ meeting. The first shareholders’ meeting should be called by the directors of the company within 18 months of the company’s date of incorporation.

Canada remains one of the countries attractive to the eyes of the people who plan to migrate. Currently, Canada has maintained its open doors to immigrants. This gives chance to people in any part of the globe to experience the Canadian way of life. And with this, real estate, especially residential, continues to grow in demand. These immigrants are investing in Canadian properties for a place to live in.

An agreement of purchase and sale is a major key document in negotiating to buy and sell an asset. This is an agreement between the seller and the purchaser. It is legally made to deal with the transfer of the asset with regard to its purchase value, payment arrangements, warranties of the seller, representations on the asset, terms of how the transaction is to take place, conditions precedent to firming the deal,

Last week, one of my clients called to inform me that the sale of his condo unit failed to firm up because the purchaser’s lawyer advised the purchaser not to waive the condition in respect of the condominium status certificate review.  My client said that the reason the purchaser did not waive the condition was because the status certificate disclosed that the unit is a bachelor, which it originally was before my client

Proactive and preemptive tax strategizing is important when filing an income tax return.  The income and excise taxation of Canadian real estate would primarily depend on two things, the use of the property such as a place of residence, an operating business, a rental property or any combination thereof, and your Canadian residency as defined under the Income Tax Act (“ITA”)