In Ontario, parents may still need to support their children over 18 if they are dependents, such as those with disabilities or pursuing post-secondary education. This support can include covering education expenses to help them succeed.
Child Support for Adult Children – Are Parents Responsible to Pay? Read More »
When couples with children end their relationship, child support becomes a key issue. In Ontario, parents must financially support their children until they are no longer dependents. Child support is calculated based on the parents’ gross annual incomes and the number of children. Both parents must provide financial disclosure to determine the amount. The Ontario Child Support Calculator can help with this process.
Ontario Child Support Calculator- How Much Do I Have To Pay? Read More »
In recent years the number of divorcees in Canada reached 2.78 million per year, continuing the trend of increasing divorce rates. What most of these people have in common is that they have faced the legal obligation to divide their finances between themselves and their former spouses. Find out what to expect when your marriage ends.
Spousal Support – What Should you Expect When Your Marriage Ends Read More »
When a company is leasing its commercial space for its operations, having to terminate the lease before the term, for any reason, may be difficult. Without a properly drafted lease agreement a commercial tenant may have the option to opt for a commercial lease assignment in order to avoid being forced to commit to the lease term they initially contracted. Find out more in this article.
COMMERCIAL LEASE ASSIGNMENTS Read More »
Although the costs of purchasing a home have always been significant, this burden has only grown in recent years. Fortunately, first-time homebuyers can look to government incentives, credits, and rebates like those discussed in this post to help ease the financial strain of buying their first property.
INCENTIVES FOR FIRST-TIME HOME BUYERS IN ONTARIO Read More »
While the ant-flipping and assignment rules proposed by the federal government are made to benefit homeowners by cooling down the real estate market, they also place a significant burden on those who try to navigate through the constantly changing water of the real estate world.
Flipping houses in Canada – the law and the taxes Read More »
With the drastic rise of home prices in the GTA, an increasing number of home buyers are looking at pre construction condos as an alternative to get into the housing market. In this post we’ll go over some frequently asked questions when considering buying a new condo in Ontario.
Buying a New Condo in Ontario – What You Need to Know Read More »
Understanding how child support works in Ontario can be confusing, especially when going through a divorce or separation. This form of financial help is crucial in ensuring the wellbeing of children during and after the transition.
Demystifying Ontario Child Support Read More »
A secondary will can be a useful estate planning tool. Having a primary will is essential, but having a secondary will all depends on you as an individual and the types of assets you have.
The Benefits of a Secondary Will: FAQs Read More »
From legal implications to practical limitations that may impact your plans for enjoying that dream property, it’s essential to be well-informed. So, get ready to escape the city and embrace the charm of cottage life with our expert advice on finding your ideal cottage for sale in Ontario.
Tips for Buying Your Dream Cottage in Ontario Without Legal Issues Read More »
Couple with a more cooperative outlook can benefit from an uncontested divorce by initiating their separation through negotiation between their respective lawyers and skip the burdensome appearance in family court to determine their matrimonial matters.
The Benefits of Separating Out of Court Read More »
A Power of Attorney is a legal document that gives someone authority to make decisions on your behalf. In Ontario, there are two main types of Power of Attorney: the Power of Attorney for Personal Care and the Power of Attorney for Property.
Power of Attorney in Ontario: do I need one? Read More »
While all charities and not-for-profit organizations operate on a not-for-profit basis, there are significant differences between them. To run the organization successfully, we would first need to understand the different laws and regulations that apply to not-for-profit and charitable organizations.
SHOULD I OPEN A NOT-FOR-PROFIT OR A CHARITY? Read More »
Rising real estate prices and strict mortgage rules have made securing a home loan and purchasing a house more difficult than ever. Younger generations are desperately turning to their parents for financial assistance in the form of gift money for home purchase or loaned down payments.
The drastic increase in home prices in the past two years caused a great surge in private home sales in Ontario. As the home prices rose, so did the real estate commission of the agents who help sell the homes.
PRIVATE HOME SALE – CAN I SELL MY HOME WITHOUT A REAL ESTATE AGENT- IN ONTARIO? Read More »
As news of the death of the longest reigning monarch of the United Kingdom, Queen Elizabeth II, spreads across the globe, many began to raise questions regarding the disposition of her massive wealth and assets.
Sometimes the responsibility of being the trustee may fall on you. If you have been named as an estate trustee, or are considering taking on this role, there are a few things you should know.
THE ROLES AND RESPONSIBILITIES OF ESTATE TRUSTEES IN ONTARIO Read More »
With stricter mortgage rules and aggressive real estate policy stances, many wonder what happens when a house sale falls through
I FAILED TO CLOSE MY REAL ESTATE TRANSACTION! WHAT DO I DO? Read More »
