Tag: interest

2 Jan

Interest on your condo deposits; how and when do you get paid by the builder or when does the builder have to pay you?

Normally, unless explicitly written into your contract, interest is not required under law in Ontario to be paid on your deposits or any other amounts paid...

25 Jul

MIC Foreign Investors & Withholding Taxes on Dividends

The Quick and Simple is that Yes, withholding taxes (usually 25% of gross amount unless subject to a tax treaty with the resident country of the...

9 Jul

Challenges in Starting a MIC: Paying Dividends

One of the biggest challenges in running a MIC is when you first realize that the investors who were once your private lenders are now expecting...

10 Jun

Liens and Commerical Tenants

OverviewRegardless of the fact that the individual is a landlord, a tenant, or a lien claimant, it is important for each of them to be aware...