April 15, 2024
In our last article, we showed how s. 8 of the Interest Act prevents lenders from imposing a penalty on borrowers who have defaulted on their mortgage. In this second part, we will dig into the case law surrounding this issue, and hopefully solidify once and for all that it is illegal for lenders to impose default penalties on the default of borrowers.
March 15, 2024
Anyone who has ever had a mortgage will know that there are lots of legal terms that apply. This is true especially when it comes to legal terms that relate to what happens if you fail to make payments.
February 15, 2024
Welcome to our latest newsletter! In this edition, we shed light on the use of dual wills as an estate planning tool in Ontario. Understanding your estate plan is critical to avoiding unnecessary challenges for your loved ones when you pass away. As this article discusses, dual wills can be an effective way to avoid the unfortunate taxation and delay associated with the probate process, and specifically focuses on distributing corporate and other assets where probate is avoidable.
December 15, 2023
November 15, 2023
Greetings, esteemed readers! We all aspire to lead lives filled with success, happiness, and fulfillment. However, unforeseen circumstances can throw a wrench in anyone’s plans. One aspect of minimizing risk that often goes overlooked by younger adults is setting up their powers of attorney. In this edition of our newsletter, we delve into why seeking professional assistance from a lawyer is a great option when managing your future success.
September 15, 2023
I hope this newsletter finds you all in good health and high spirits. Today, we are excited to shed light on an important topic that often pops up when dealing with condominium transactions in Ontario: the Condo Status Certificate. As you may already know, the role of a lawyer is crucial when it comes to interpreting and reviewing the contents of this document. In this newsletter, we will explore what a lawyer in Ontario typically reviews in a condo status certificate to facilitate informed decision-making for their clients.
In 2020, Ontario saw a sharp decline of 36% in the number of married couples. This is due largely to individuals who choose to carry on as a “common law” couple. This choice is most popular among couples 65 and older, most of whom were previously divorced and do not want to remarry. Notwithstanding the increased occurrence of common law couples, there is no legislation in Ontario that automatically protects an unmarried partner in dividing property when there is death or separation.