Author Archives: gg_admin

Ontario Retail Sales Tax Clearance Certificates

IN ONTARIO RETAILS SALES TAX CLEARANCE CERTIFICATES ARE STILL REQUIRED Ontario has had harmonized sales tax (“HST”) since July 1, 2010. Ontario Retail Sales Tax formed a lien against the assets of a business if they were sold unless a … Continue reading

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Misuse of Powers of Attorney

THE MISUSE OF POWERS OF ATTORNEY A Power of Attorney for Property gives one or more individuals the authority to deal with your assets and liabilities. If there are no limitations in the Power of Attorney (and usually there are … Continue reading

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Spousal Trust in a Will

SPOUSAL TRUSTS CAN BE COMPLICATED, ENSURE YOU SEEK THE ADVICE OF AN ACCOUNTANT AND LAWYER If you have children from a previous marriage, you may want your new spouse to benefit from your estate while they are alive and have … Continue reading

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Managing Real Estate Assets …

MANAGING REAL ESTATE ASSETS If the Deceased owns a house or other real estate, there are some basic steps you will want to take immediately to ensure the security of the real estate asset(s). Consulting a a lawyer about these … Continue reading

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Real Estate Purchase and Water Potability Certificate

WATER POTABILITY TESTS ARE CRUCIAL FOR COUNTRY A PURCHASE If the property you are buying is located in the country, it will probably be serviced by a well. A buyer needs to ensure that the water is potable (drinkable). It … Continue reading

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New Mortgage Stress Test – Buyer Issues with Mortgage Financing

BUYER ISSUES WITH MORTGAGE FINANCING With Canadians taking on ever bigger mortgages, the Federal Government introduced new “Stress Test” mortgage rules in 2018.  In addition to financially qualifying for your mortgage now, you must also qualify for the amount of … Continue reading

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Estate Planning – Joint Assets with Children

CONCERNS WITH JOINT ASSETS WITH CHILDREN FOR ESTATE PLANNING PURPOSES Clients often ask us to transfer their assets (including their house) so that it is held jointly between them and one or more of their children. Transferring your assets into … Continue reading

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Beneficiary Rights …

WHAT ARE A BENEFICIARY’S RIGHTS? If you are the beneficiary of an estate, what information should you expect from the executor / estate trustee and what happens from your perspective as a beneficiary? First of all, in Ontario there is … Continue reading

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Cloud Based Storage using DropBox

DROPBOX ALLOWS REMOTE ACCESS TO ALL YOUR FILES DropBox is cloud based storage for your computer. With a DropBox account you can save your office files to DropBox and then access those files from home or anywhere else you might happen … Continue reading

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Trusts and Their Use in Estate Planning

TRUSTS AND THEIR USE IN ESTATE PLANNING Trusts are similar in function to a gift left to someone in a Will, except that Trusts can be set up either within a Will or while the “settlor” (the person creating the … Continue reading

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