Regardless of whether you are buying or selling a property, and no matter how many real estate transactions you have conducted in the past, there are bound to be questions regarding cost, the transaction process, and about what to do such there be a few hiccups along the way. One of the many advantages of working with a good real […]

Many of us have causes or charities that we are passionate about and most of us engage in charitable giving at some point in our lives. Very few Canadians however make charitable giving a part of their estate plan. And that is too bad because there are some real benefits to doing so. In this article, we will explore why […]

Whether you are a builder or you are someone who has hired a builder to construct your custom home of another building, having a well-crafted construction contract is one of the most important parts of the process. A construction contract will spell out the terms of your arrangement and will help you both to avoid disagreements and misunderstandings after the […]

In Ontario, Dealing, Trading, Lending and Administering mortgages are all regulated activities, which requires licensing under the Mortgage Brokerages, Lenders and Administrators Act (the “Act”), as a brokerage, broker, agent and/or administrator.  This includes holding oneself out as providing any of the services captured under the Act.  Holding oneself out means that you are advertising, marketing or making it known […]

Buying any new home is a significant step not to mention a hefty investment. And with condominiums, in particular, there are a number of factors to consider. Unlike the purchase of a single-family home, when you purchase a condominium you are becoming part of a condo community. There are shared expenses and you are agreeing to comply with certain “community […]

If you own a business, chances are that you will have to consult with a business lawyer a number of times during the length of your career. Having a good lawyer as part of your team of professionals is meant not only to help you when you are in “trouble” but it can also help to save you from costly […]

The arrival of a New Year is the time that many of us like to make resolutions. And while that usually means thinking about things that we’d like to do or accomplish while we’re alive, it’s also a good time to think about the legacy that we’d like to leave behind. If you have never thought much about estate planning […]

When purchasing a new condo, there is a period of time between the day you take possession of your unit and when you take ownership. This is known as interim occupancy. Once your unit is ready and liveable and the Municipality or City grants the builder permission, you will be able to occupy or take possession of your unit. Although […]

Thanks to the passing of Bill 145, Trust in Real Estate Services Act, 2020, realtors in Ontario may now incorporate and earn income through a Personal Real Estate Corporation (PREC). in this blog, we will read about the Benefits of Incorporation (PREC) for Realtors in Ontario. This allows realtors who choose to incorporate, to defer personal income tax and pay […]

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 corporations prior to the enactment of the present governing regime were grandfathered in).  Today, regulated professionals are able to incorporate their practices.  Thanks to Bill 152 – Balanced Budgets for Brighter Futures Act, and Bill 45 – Responsible Choices for Growth and Accountability Act, professionals can capitalize on many of the same tax and non-tax advantages enjoyed by other incorporated self-employed individuals.However, unlike other incorporated self-employed individuals who are unregulated professionals, personal professional liability will not be limited through incorporation.  The shareholders of a professional corporation are restricted to licensed members of the same regulated profession, and depending on the profession, their immediate family members.  For those applicable professions, family members who are not licensed under the same regulated profession are restricted to participating only as non-controlling or non-voting shareholders.  The