DO I INCORPORATE FEDERALLY OR PROVINCIALLY?
Do I Incorporate Federally or Provincially? When forming a business, the first step is deciding what type of entity is best (for example, a corporation or partnership). The best form of entity depends on structure, liability, tax and management considerations. Most small businesses choose a corporation as a common form of entity because it allows […]
Buying a Business – How to Choose Between Buying Shares or Assets?
Buying a Business – How to Choose Between Buying Shares or Assets? In a share purchase transaction, the only asset being sold is the shares in the Company. Typically, a Vendor prefers a share purchase transaction due to the favourable tax treatment, while a Purchaser would prefer the transaction to be structured as a purchase […]
Bill 184, Protecting Tenants and Strengthening Community Housing Act, 2020
Bill 184, Protecting Tenants and Strengthening Community Housing Act, 2020 On July 21, 2020 Bill 184, title “Protecting Tenants and Strengthening Community Housing Act, 2020” received royal assent. The most significant change in this Bill for landlords, is the ability to streamline the eviction process for non-payment of rent. As a result of this Bill, […]
Why you need a Will and a Power of Attorney
Why you need a Will and a Power of Attorney LAST WILL AND TESTAMENT A Last Will and Testament, commonly referred to as your “Will” is a legal expression of a person’s wishes regarding the distribution of his or her property after death. You can make your wishes and final requests official by writing a […]
Probate Of A Will – What You Need To Know
Probate Of A Will – What You Need To Know We have had a lot of inquiries from clients during the pandemic about having their Wills prepared, and in the process, we learned that there are many incorrect facts online that clients have read. We did a four-part blog series on Wills and Estates, which […]
Wills And Estates Series – Structure Of A Simple Willl
Wills And Estates Series – Structure Of A Simple Willl In today’s post, we will go over the skeleton structure of a simple Will. While there are many sections in a complex Will, most simple Wills follow a basic structure of Five Sections. 1) Your name and personal details First, a Will begins by naming the person […]
Wills And Estates Series – What Happens if i Die Without A Will?
Wills And Estates Series – What Happens if i Die Without A Will? If you die without a Will, the law says that you have died “intestate,” which means that you left no instructions as to how your property is to be divided and distributed. With no Will to provide such instructions, legislation in Ontario […]
Wills And Estates Series – Can Anyone Make One?
Wills And Estates Series – Can Anyone Make One? Last year, accused Canadian killer Bryer Schmegelsky tried to do a videotaped Will shortly before his death). This was considered invalid because it didn’t meet the requirement of a Will in Ontario. Whether you use a lawyer or not, for a Will to be valid, THREE […]
Wills And Estates Series – What Is Wills And Estates?
Wills And Estates Series – What Is Wills And Estates? The purpose of this blog series is to give you a basic understanding of the key issues related to Estate Planning and Wills in Ontario. It is not legal advice and it is not a substitute for legal advice. When people hear the words “estate […]
What Happens When There Is A Leak In A Gas Tank?
What Happens When There Is A Leak In A Gas Tank? When operating a gas station, one should be familiar with the Technical Standards and Safety Act but also, the forgotten Liquid Fuels Handling Code. The Code has requirements for licensing, corrosion protection systems, maintenance, testing, leak detection systems etc. The Code provides the frequency […]