Private lending – what is it and how can it benefit you?
As the title indicates, this article aims to inform readers about what private lenders are, the risks and benefits associated with using a private lender versus a financial institution, and factors that one should consider before deciding to use a private lender. Private lenders are individuals or organizations that provide loans to individuals and businesses […]
Mortgage enforcement in Ontario
This article aims to provide an overview of mortgage enforcement in Ontario and how it works. Mortgages are contracts between a property owner and a lender (usually an institutional lender). A mortgage is registered against the owner’s property to secure the loan. If the property owner has failed to make payments following the contract terms, […]
What is a matrimonial home and why does it matter?
The following article will explain what a matrimonial home is and the options available to separating spouses. Please note that this article is intended as a brief overview; when seeking personalized advice, it is best to consult a legal representative. Generally referred to as the family home, the matrimonial home represents the residence where married […]
The role of shareholders, officers and directors in Ontario corporations
In the intricate world of Ontario corporations, the roles and responsibilities of key players are essential for efficient operations, responsible governance, and the protection of shareholders’ interests. Three significant pillars in this structure are shareholders, officers, and directors. In this blog post, we’ll explore the distinct roles and responsibilities each group holds within the framework […]
Powers of Attorney
In the following blog post, the author will explain what a power of attorney is, how it works, and the risks if no power of attorney is appointed. The following case summary illustrates the dangers of not establishing a power of attorney. Simply speaking, a power of attorney a legal document appointing an attorney to […]
What happens to your digital assets when you pass away?
Within this blog post, readers will gain insights into the utilization of legacy contacts on the leading platforms, including Facebook, Apple, and Android. Additionally, we’ll explore the advantages of designating a legacy contact. Legacy contacts are people you choose to have access to your data after your death. People with influential social media accounts may […]
What is elder abuse and how can it be prevented?
With an aging population, extended life expectancies, and a higher likelihood of incapacity, it becomes crucial for individuals to be mindful of the potential for financial abuse when designating a power of attorney. A power of attorney is a legal document through which the grantor gives one or more people the ability to manage their […]
Minute Books: the what and the why?
In this blog post, we will explore the significance of a minute book, its components, the importance of maintaining one, and the implications of not having a corporate minute book. A minute book collects all critical corporate records so that the corporation’s shareholders and creditors can easily access. A minute book can be kept online, […]
Gifting considerations in Ontario
This article aims to address various considerations surrounding inter-vivos gifts (gifts made during a person’s lifetime), as well as shed light on why it is important to you. The case of Pecore v. Pecore refers to a Canadian legal case that revolved around the issue of inter vivos gifts and the determination of the legal […]
Gifting property in Ontario
The following blog will highlight the dynamics of gift real estate in Ontario. A lot of parents want to gift real estate to help their children or extend their legacy, or in some instances both. Gifting real estate can have complex implications. Ontario has two forms of real estate gifts: (1) inter-vivos (i.e. gifts that […]