(Ontario) Question: What are the differences between Form 100 (residential) and Form 500 (Commercial). Answer: Look at Clause 7 which deals with the HST. In Form 100, it’s included in …
Residency of an Ontario Corporation
The residency of an Ontario corporation can become quite complicated. Usually, it will be determined on the basis of the common law rules related to residency. That is usually the …
Co-Tenancy Continuing Liabilities in Ontario
Question: Would the liability of a co-tenant survive bankruptcy? Answer: Let’s say we have a contaminated property owned by A and B as co-tenants. There is a contamination spill and …
Foundation Work to be Undertaken
This type of issue arises frequently in commercial transactions. You will wish to consider: Eliminating the preamble which appears to minimize the situation somewhat, Buyer retains a Consulting Engineer, Seller …
Comparing Mediation and Arbitration for Defaulted Real Estate Deals
Mediation is much less expensive than Arbitration. If price is the motivating factor, then go with mediation. There are various agencies and associations which offer both mediation and arbitration. Often, …
Lease Registration in Ontario
Question: Does a residential lease that was originally listed on the MLS get registered the same way a sale does? In other words, can you look it up after to …
Construction Industry – Fair Bidding System (Documents)
Owner / Architect The Owner employs an Architect to come up with plans to construct a building. Once satisfied with the final revisions, the project will “go out to tender”. …
Tax Treatment of Investment Properties (Ontario)
Question: I have a client who bought an investment property 30 years ago. It’s always been rented out. It’s a second property for them. 1. If sold, what do they …
Custom Single Use Commercial Property Qualifies for Specific Performance
Matthew Brady Self Storage Corporation v. InStorage Limited Partnership, 2014 (OCA) Two storage companies jointly acquire property. InStorage runs short of money, so Matthew Brady completes purchase and renovates to …
Prime Interest Rate Forecast
Prime Interest Rate Forecasts from the 6 Major Banks. Here are the latest rate forecasts from the Banks. On average, the Banks expect the overnight rate to increase to 1.25% by …