✦ No, you do not have to act just because you are named in the will – you can renounce the role – but if you want to renounce you must do so before you take any action as …
Do you plan ahead?
✦ I almost died yesterday. I went for a walk. Nice warm weather, a little bit of wind, but still quiet and peaceful, a perfect day. ✦ All of sudden, I see a squirrel running across the street from a …
Нужна ли страховка квартиры в кондоминиуме?
Если квартира куплена с ипотекой, то банк требует страховку. Владельцы квартиры, как правило, этим не занимаются, т.к. по закону кондоминимумы обязаны иметь страховое покрытие здания. Банкам, достаточно той страховки, которую имеют кондоминиумы, самое главное, чтобы они не была просрочена. Ну …
Fast sale proceeds deposit
✧ Important thing to know if you sell your property: ✧ Sometimes people sell their residential property without the intention to buy a new one. ✧ When it happens, the sale proceeds are deposited to the sellers’ account after the …
How can I limit my personal liability as a business owner?
✧ Working on your day-to day tasks, business owners very often forget about the personal liabilities they carry on by running their businesses. Acting as a sole proprietor business owner face unlimited liability for both business and personal assets, they …
Land Transfer Tax exemptions – Russian
Налоги везде и всегда! ◦ Будучи законопослушными гражданами, мы платим. Но всегда возникает вопрос, сколько можно сэкономить? И таки можно. Например, один из самых больших налогов — налог на переход права собственности. Когда человек покупает недвижимость первый раз в жизни …
A WITHOLDING TAX FOR NON-RESIDENTS OD CANADA
✦ A withholding tax in real estate transactions arises when a non-resident of Canada sells property located in Canada. ✦ A non-resident seller is obliged to notify the Canada Revenue Agency (CRA) about the upcoming transaction and to pay taxes …
Federal v. Provincial Incorporation
✧ You have decided to incorporate your business. What is the next step? For most, it probably is to choose between Federal and (Provincial) Ontario incorporation. ✧ The best advantage of Federal incorporation is the name protection. Once your business …
How easily can I get back the deposit paid if my real estate transaction fails?
✧ When the real estate deal falls apart, the general principle is that the vendor is entitled to the deposit if the purchaser breaches the agreement, unless it’s stated otherwise in the Agreement. What will happen if the purchaser does …
Why do I need a Title Insurance?
Title insurance protects the purchaser and mortgagee from possible problems associated with buying a home. For one time fees, title insurance covers: ⇝ title defects not allowing the purchaser to hold a clear title ⇝ title fraud ⇝ survey errors …