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.
The Not-for-Profit Corporations Act, 2010 (ONCA) in Ontario, Canada, has recently undergone updates to streamline processes, increase accountability, and strengthen governance within not-for-profit corporations. The amendments bring significant changes, such as simplifying the incorporation process, allowing for profit from commercial activities, providing options for financial reviews, and enhancing members' rights. This article aims to summarize these key changes and their implications for not-for-profit organizations.
June 15, 2023
When it comes to buying or selling a house, both parties want to ensure that the transaction is completed successfully. To help ensure the process runs smoothly, the use of a lawyer's trust account is relied upon. Understanding how escrow works is an essential feature of real estate in Ontario.
When considering starting a business and incorporating there are several advantages to Virtual Minute Books. Under the Ontario Business Corporation Act R.S.O 1990 it is required that corporations maintain accurate records. Minute Books contain a record of a company's resolutions, Shareholder Registers, Director Registers, Officer Registers, Shareholder Agreements, Forms Filed and other valuable documents.
April 17, 2023
In my last article, we discussed why you would want to make a will. In this article, we review the legal process for obtaining authority to handle an Estate. We also consider why it is important to your family and heirs that you prepare a will during your lifetime, even if you do not feel you have a lot of assets.