Co-ownership of property is becoming an increasingly popular option in Ontario’s dynamic real estate market. It offers various ways for individuals to own property collectively, each with its unique benefits and considerations. Here, we explore the primary forms of co-ownership available in Ontario and the reasons why one might choose them.
Read MoreLosing a loved one is always difficult, and dealing with legal aspects after their passing can add another layer of stress. One commonly misunderstood term is "probate," often used interchangeably with "estate administration." While they're related, they're not the same. This blog post aims to clear the confusion and help you understand the key differences.
Read MoreIf you are planning to buy a new construction home or condominium from a builder in Ontario, you may be wondering how the Harmonized Sales Tax (HST) applies to your purchase. HST is a 13% tax that combines the 5% federal Goods and Services Tax (GST) and the 8% provincial Ontario Sales Tax (PST). HST is charged on most goods and services in Ontario, including new homes and condominiums.
However, you may be eligible for a rebate of some or all of the HST you pay, depending on the type, price, and intended use of your new home or condominium. In this blog post, we will explain how HST works for new construction homes and condominiums in Ontario, and how you can claim the rebates available to you.
Read MoreIf you are the executor of an estate in Ontario, you may be wondering whether you need to go through the probate process. Probate is the legal procedure of proving that a will is valid and confirming the authority of the executor to administer the estate. Probate also involves paying an estate administration tax (EAT) to the provincial government based on the value of the estate assets.
Probate is not required for every estate in Ontario. However, there are certain circumstances that will require you to apply for probate…
Read MoreMany people put off writing a will, thinking that they have plenty of time to do it later. However, life is unpredictable and you never know when you might pass away. A will is a crucial document which leaves binding instructions for what would happen to your estate should you die, and dying without a will can introduce a few challenges.
Read MoreIf you own a property in Ontario, you may have heard of title insurance. But what is it and why do you need it? In this blog post, we will explain what title insurance is, how it works and what benefits it can offer to existing property owners.
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