Joint Tenants And Tenants in Common
Homeownership is promising as there are many avenues available in Real Estate. In Ontario, concurrent ownership is typically divided into two categories: joint tenancy and tenants in common. In a joint tenancy, the partners own the whole property in equal shares, while tenants in common each have a definite share in the property. When deciding…
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Spouse Vs Common Law Partner
Those in healthy, long-term, romantic relationships may find the differences between common-law partnerships and legal marriages insignificant. While there are many similarities between legally recognized marriages and common-law partnerships, the differences can become very important upon the break-down of a relationship. Therefore, from time to time, instances arise whereby each type of relationship can benefit…
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Commencing a lawsuit in Ontario
If you want to start a lawsuit, it’s a good idea to retain a lawyer to assist you with the process. The first step is typically drafting and filing either a Statement of Claim or a Plaintiff’s Claim. A Plaintiff’s Claim commences proceedings in small claims court, and can be filed if the claimant is…
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Time Limits to Sue in Ontario
Deciding whether to sue someone is a big decision. Not only is litigation an expensive, time-consuming process, but it can also damage important relationships. It often takes time to decide whether it is really worth it to sue another person or entity. But how much time do you actually have to decide whether to sue…
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Child Support – Step-parents in Ontario may be required to pay child support
If your partner has a child, did you know that you may legally be seen as a “parent,” even if you do not marry your partner or legally adopt your partner’s child? Whether or not a step-parent becomes an unofficial “parent” to a step-child usually is not an issue until the couple breaks up or…
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Ontario Estate Law Update: Soon a Marriage Will no Longer Revoke a Will
After a couple gets married, there can be a lot to do when starting a new life together. Someday soon, Ontario couples will be able to take at least one task off their to-do list – creating new wills. On April 19, 2021, the Ontario government passed a new law, the Accelerating Access to Justice…
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Non-Resident Speculation tax (NRST) for foreign buyers in real estate
There is more to real estate than just buying a house. There are different fees, taxes, and rules when it comes to someone outside of Canada trying to buy a house in this country. Let’s take a look at one important type, the Non-Residential Speculation Tax (NRST.) About NRST This tax was brought into effect…
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The Ultimate Guide to Private Mortgages/ Lending
Investing in the real estate industry is becoming increasingly popular. With a proper foundation and knowledge, investing in real estate can be highly lucrative for anyone that has done it correctly. However, this is information that you were most likely already aware of. Particularly interesting instead is what are private mortgages/ lending and how you…
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What is a Canadian Mortgage Housing Corporation (CHMC) Insurance premium in mortgages and how to calculate it?
Mortgage insurance is always a good idea, no matter how big your down payment is, or how much premiums are. In the long run, you’ll save money. When you have a lawyer like Minhas Lawyer services on your side, you will find the path to home-owning very rewarding. Let’s take a look at the Canadian…
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