Question: The Tenant pays rent to a corporation the registered owner of a house. Can the person who bought the house under the name of the corporation give the tenant …
Power of Attorney Use
QUESTION Helen, the daughter holds a Power of Attorney (POA) from her mother Gertrude, who has been diagnosed with dementia. Gertrude called a real estate agent to list her property …
Joint Tenancy Issues in Ontario
Question: Bob and Martha are brother and sister, they were left a house by their mother, as joint tenants. Martha dies. Can you list the property right away, on Bob’s …
Estate To Uses
An estate means an “interest in land”. An estate to uses, is short for “to such uses as the settlor may appoint”. In this case, we have a trust for …
Business Financing
Let’s assume that for some reason you feel compelled to offer and assist someone who needs financing for their business. What security do you want? Well, you should get everything …
Powers of Attorney
Basically, there are two kinds of Powers of Attorney: Personal Care, General for Assets. Most people need them both. The first one deals with daily living decisions which affect the …
Is Probate Necessary Before Property Can Be Transferred?
The old reference to “probate” in Ontario has been replaced with the Certificate of Appointment of an Estate Trustee. Probate referred to proving the Will in Court. Naturally, the procedure …
Mick Jagger Knows the Canadian Residency Rules: Do You!
You have to be careful if you’re purchasing property from a non-resident. If you don’t, you may end up paying their income tax. As part of every real estate transaction …
Matrimonial Home ~ Special Rights in Ontario
Matrimonial homes in Ontario are subject to special considerations. In most cases, people believe that if a couple is married, then the house is split 50/50. Others, usually older people …
Matrimonial Home Designations in Ontario
There is an opportunity under the Family Law Act to designate a home as a “matrimonial home”. You might think that married couples would wish to avail themselves of this …