by Monica BeffaINCORPORATING A PERSONAL REAL ESTATE CORPORATION OR “PREC”
A PERSONAL REAL ESTATE CORPORATION (“PREC”) gives Real Estate Agents (“Realtors”) the ability to utilize the benefits of incorporation. Recently, Bill 104, the Tax Fairness for Realtors Act, has been passed to permit a PREC to be registered as a broker or salesperson. A PREC can be considered a broker or salesperson provided that the owner of the PREC’s voting shares has the...
by Monica Beffa7 CELEBRITIES WHO DIDN’T LEAVE A WILL
(Intestate = without a will) 1. Abraham Lincoln- Lawyer, President of the United States Age at the time of death: 56 As the 16th president of the United States and a lawyer, some would be shocked to find out that Abraham Lincoln has not drawn a Will before he died. After his assassination in 1865, President Lincoln’s intestate estate was valued at $110,300 and was divided among his wife...
by Monica BeffaThree Things You Need to Know About Taxes At Death
1. There is no inheritance or death tax in Canada In Canada, there is no inheritance or death tax levied on the beneficiaries; the estate pays any tax that is owed to the government. If you are the beneficiary of money or assets through an estate, you inherit the money tax-free, i.e. the tax has already been paid by the estate. You do not have to add inheritance to your income tax return. 2....
by Monica BeffaFAQs for a Real Estate Purchase
When should I contact a Real Estate Lawyer regarding purchasing a home? As soon as possible. Once our firm is involved, we can start working to protect the purchaser’s interests. When it comes to buying and selling real estate, the details are important. A fact or item incorrectly set out, or completely overlooked in...
by Monica BeffaThe Curious Case of Jeffrey Epstein’s Wealth, Death, and Estate
It’s not clear whether Epstein had a Will, and even if he had one, it probably wouldn’t have made the case any easier. But, for the rest of us, ordinary people, having a Will is always a good idea.
by Monica BeffaTech Professionals: 7 Top Ways You Can Immigrate to Canada
Canada uses innovative immigration policies including Express Entry, Global Talent Stream, Provincial Technology Pilot Programs to help fill in the need for Tech Professionals for its emerging technology industry. Why Tech Professionals Should Immigrate to Canada Canada is the most immigrant-friendly countries in the world, with a whole system built to easily integrate newcomers into...
by Monica BeffaONTARIO ANNOUNCES A NEW FOREIGN TECH WORKER STREAM & AN IMMIGRATION PILOT FOR SMALLER COMMUNITIES
April 11, 2019 – The province of Ontario announced plans to launch a new PNP (Provincial Nominee Program) stream for high-skilled tech workers. The new stream was announced in the 2019 Ontario Budget which also promises the creation of a new immigration program to attract skilled workers to Ontario’s rural communities. Ontario’s tech sector has been growing significantly in recent...
by Monica BeffaQuebec To Increase Immigration Levels To 52,500 By 2022
June 7, 2019 – Immigration levels to Quebec could reach 52,500 by 2022 under new proposals introduced by Quebec provincial government. During the last Quebec election campaign, the Coalition Avenir Québec (CAQ) introduced a temporary reduction of its immigration levels. The CAQ decreased immigration by about 20% in 2019, from 52,000 to 40,000. Immigration Minister Simon...
by Monica BeffaHow a Postnup could’ve helped Bezos divide his $137 billion wealth
According with as survey of the American Academy of Matrimonial Lawyers, half of divorce lawyers cited an increase in postnuptial agreements in recent years.
by Monica Beffa