As more people consider working remotely, many business owners are reviewing their commercial leases to see if they can leave or downsize. This makes sense because commercial rent is a large part of any business budget. However, there are different ways to go about this and you as a business owner need to be fully […]
As you probably already heard, there is a new stress test that came into effect on June 1, 2021. This occurred because the Office of the Superintendent of Financial Institutions (OFSI) tightened the requirements for property owners in order to reduce the risk of mortgage default. The new stress test asks that owners or potential […]
If you made the tough decision to close down your business, you have to ensure you do so properly as there are requirements that have to be met. If you are locked into a lease, you have to find out the penalties for breaking it or find someone to potentially take over. You also have […]
We already talked about how the pandemic has increased bicycle traffic in the city and the initiatives that are being introduced such as bike lanes all across the region. This also means a lot of people who have not used their bikes in a while are now actively participating. However what we should mention is […]
When considering incorporation, understanding the difference between provincial and federal option is important. This decision has consequences and possible challenges for your business. Consulting a business lawyer can help you ensure you are fully informed. So what are the differences? Let’s break it down. Provincial Level: Each province has its own laws and a regulatory […]
When buying a house, the paperwork could be overwhelming. Complex language and the amount of detail only adds to this. This is when a Real Estate Lawyer is a great asset to have by your side! The key benefit of having an experienced lawyer is the fact that they can not only define the conditions […]
Did you know that as a corporate owner you are required by law to have and maintain a minute book with detailed and accurate records of your business? Your minute book can be stored electronically (in Ontario) or in a binder and should be kept in your registered office. This document shows evidence of ownership. […]
Canadian Pension Plan (CPP) Disability Benefits are not something that most people are familiar with unless they encountered an injury or illness which has changed their quality of life. These are benefits that are paid out monthly if you are eligible and are to help you supplement income you might have lost due to your […]
Incorporating your business is something to consider if you are expanding and growing. But like every business decision it requires a lot of thought and deliberation. You might be aware of tax advantages that incorporation might offer however it is important to understand the legal structure and responsibilities as well. Here are some important aspects to […]
If you ever purchased a home you know that Title Transfer is an important part of the process. This is an official exchange of ownership to ensure that your property is protected from any claims. Buying a home however is not the only time you would have to deal with this. If you got married, […]