Posts Tagged ‘Will Estate’
Tarion – New Home Warranty Program of Ontario
Did you know that according to Trading Economics, between the years of 2017 and 2018, the homeownership rate in Canada went up to 68.55% from 66.30%? This was a huge amount, compared not only to 2017 but also to 2016, 2015, 2014, 2013, and 2021. If you’re thinking of joining these Canadian homeowners and buying a…
Read MoreWhat to Do when Discover A Defect in a new House
Buying a house should be an exciting, life-fulfilling experience. If you buy a house, then discover there are serious problems, the excitement won’t last long. What can you do in such a situation? Who should take responsibility? If a serious problem arises after you buy the house, you may be able to file a lawsuit.…
Read MoreAll about becoming Franchisor or Franchisee
Starting a new business is not a decision you make overnight. Weighing the pros and cons of business is an endeavour that you will research exhaustively and have countless conversations and questions about. Franchising is seen by many as a simple way to go into business for the first time. In a franchise business, the…
Read MoreOntario Probate Fee and Estate Administration Tax
The Estate Administration Tax or Probate fee is charged on the value of the estate of a deceased person if an estate certificate is applied for and is issued. The Probate fee is paid by the individual or individuals who apply for estate trustee certificate with or without a will. This tax or probate is…
Read MoreJoint 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…
Read MoreChild 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…
Read MoreOntario 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…
Read MoreWHAT IS THE IMPORTANCE OF A WILL IN YOUR LIFE?
For understandable reasons, many people are reluctant to make a will. However, there are many good reasons to do so and no good reasons not to. When you make a will you will have the satisfaction of knowing what will happen to your property after death, and you will lessen the strain on your loved…
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