Why Do I Need a Real Estate Lawyer in Ontario?
Why Do I Need a Real Estate Lawyer in Ontario? Buying or selling your real estate property is one of the most significant transactions in a person’s life. Even more so when you’re a first-time buyer. Having an experienced real estate lawyer and realtor on your team is an absolute necessity. The Nava Wilson team […]
What does Vacant Home Tax mean for homeowners in Toronto?
What does Vacant Home Tax mean for homeowners in Toronto? Starting in the year, 2023 City of Toronto implemented a Vacant Home Tax (VHT) to increase the housing supply by discouraging owners from leaving their residential properties unoccupied. Homeowners who keep their properties vacant will be subject to this tax. Nava Wilson’s team conducted a […]
Why do you need a corporate lawyer for your business?
Why do you need a corporate lawyer for your business? Recently Nava Wilson LLP was named the Best Corporate Lawyers in Toronto by The Best Toronto. The Best Toronto serves as a guide to the best things that Toronto offers, from the top products to the most dependable services. In light of this event, we’ve […]
Building Community Initiatives: MFRC gets a new safe space for teens
Building Community Initiatives: MFRC gets a new safe space for teens Malvern Family Resource Centre (MFRC) launched its community initiative Youth Hub a couple of weeks ago at 1321 Neilson Rd, Scarborough. It is a part of city operations property initiatives around the city in libraries and recreation centres as the result of a rapid […]
Shareholder’s Agreement in Ontario – Key Considerations for Every Company
Shareholder’s Agreement in Ontario – Key Considerations for Every Company Shareholders in Ontario know that there is no “one size fits all” shareholder agreement that can be applied to all companies. Every company has its own unique needs and concerns, which is why a customized shareholder agreement is crucial. A cookie-cutter template may actually do […]
Selling Your Cannabis Store In Ontario? All the Legal Stuff you Need to Know.
Selling Your Cannabis Store In Ontario? All the Legal Stuff you Need to Know. As I am sure you have noticed, there are more and more cannabis retail stores popping up in Ontario every week. That is because the lottery process has finished, and now there are hundreds more cannabis retail stores to pop up […]
Help! My Shares Are Getting Diluted!
What to do if your shares are getting diluted? We’ve had clients calling us in a panic when they hear the words “share dilution“. They are not wrong in worrying about their money losing value. It’s important, however, to understand what it really means and why it happens. There are TWO basic types of dilution: […]
What to Do After Creating a Company?
What to do after creating a company? Once the corporation is incorporated, there are several things to do before the corporation can begin carrying on business: Extra-provincial registrations. If the corporation is incorporated under the CBCA (Canada Business Corporations Act), it needs to obtain any necessary extra-provincial licence or registration. You need to check the […]
Name Considerations When Creating a Company
Name Considerations When Creating a Company Name of Corporation Before drafting articles of incorporation or filing the articles, determine the name ofthe corporation. Different jurisdictions have different naming requirements or prohibitions. The CBCA (Canada Business Corporations Act) requires that the name contain one of the words as an ending, "Limited", limitée", "Incorporated", "incorporée", "Corporation" or […]
Tax Considerations When Creating a Company
Tax Considerations When Creating a Company Tax Considerations Many private corporations qualify as Canadian-controlled private corporations (CCPC) under the Income Tax Act. CCPC status is useful to gain access to several important tax advantages, including the: Low effective tax rate applicable to the first $500,000 a year in active business income earned in Canada. Ability […]