Protection for new home buyers
Protection for new home buyers If you are buying a newly built home, you are protected by the Ontario New Home Warranty Program. This program offers the new home buyer a number of specific protections and warranties. THE COVERAGE 1. Your down payment – up to a maximum of $20,000. 2. Delays in closing and […]
The Basics of Trusts
The Basics of Trusts We have all heard about the wealthy kids who live off their trust funds. But what exactly is a trust? In this article we will give you an overview of what a trust is and how it works as well as the reasons why you might want to consider creating one. […]
The Business of Marriage
The Business of Marriage You are in love and about to enter the state of wedded bliss, so why would you even consider something as unromantic as a marriage contract?! There are actually a number of very sound reasons for entering into an agreement with your intended and they do not all have to do […]
Working with a real estate agent
Working with a real estate agent You have decided to put your house up for sale. Like most Canadians you will probably hire a real estate agent to help with this task, although there is no legal obligation to do so. Once you have found a realtor you are comfortable with, you will be asked […]
So you want to be your own boss!
So you want to be your own boss! So you want to go into business for yourself and be your own boss?! Although this is the big decision, there are still many more decisions to make and things to consider. What follows is a brief overview of some frequently asked questions about starting a business. […]
Probate Fees & Joint Ownership
Probate Fees & Joint Ownership When planning your estate, one factor to consider is the estate administration tax, commonly referred to as probate fees, that your estate may have to pay out. Probating a will is the act of judicially certifying a will’s validity as well as confirming the executor’s authority. Although a will is […]
Corporations – Separate Legal Persons
Corporations – Separate Legal Persons Incorporation is one way to set up a business. A sole proprietorship or a partnership are two other ways to set up a business and that you are probably most familiar with. One of the key distinctions that sets a corporation apart is limited liability. Unlike a sole proprietorship or […]
Multiple Wills – Another Thought About Probate Fees
Multiple Wills – Another Thought About Probate Fees It may be in your best interests to have two wills. Why? The Ontario Court of Appeal has held that probate tax need only be paid on the value of the assets covered by the will that is submitted to probate. A probated will is generally not […]
Sample Limitation Periods for Ontario
Sample Limitation Periods for Ontario The following table is a sampling of the limitation periods in the Province of Ontario. Depending on the particular circumstances even these limitation periods may vary. Please consult a lawyer if you believe you have a legal claim. Claim Limitation Highway Traffic Accidents 2 years Claims against physician for negligence […]
The Great Stork Derby
The Great Stork Derby It is not the law that anyone who entertains wrongheaded notions, capricious whims or absurd idiosyncrasies cannot make a will. Skinner v. Farquharson — (Supreme Court of Canada, 1902) Although television has perpetuated the myth that wills are possessed of a certain mystique, generally speaking the contents of a will are […]