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 …
Insurance Coverages Explained
When it comes to real estate there are several different types of insurance policies that are often discussed, and it is important to know the differences: • Property Insurance• Personal Property Insurance• Personal …
In Ontario Everyone has a Will
Everyone has a Will. The problem is that most people don’t know where it is. They have never seen it, they never signed it and they don’t know what it …
Condominium Ownership Explained
A condominium is a parcel of real estate. It is one single unit of a condominium corporation. In effect, it is one method of common ownership with others of a …
Real Estate Opportunities for Entrepreneurs
One of the best opportunities for investment is owning your own building. This is a great advantage for small business entrepreneurs. If you have a location for your business that …
Five Financial Reasons for Home Ownership
Would like to buy some real estate! In particular, are you thinking about buying a house. Let’s summarize the principal financial advantages: 1) use of rental income2) use of leverage3) …
Joint Tenancy ~ a Poor Man’s Will
Question: I am concerned about my mother. Ten years ago, she married a man who now seems to be in ill health. He has operated his own business for over …