Ontario survivors could now receive more if their spouses die without a will

Due to changes to the Succession Law Reform Act (SLRA) by the Ontario government, surviving spouses in Ontario could now receive $350,000 if their spouse dies without a will. If the couple has no children, the surviving spouse is entitled to all property in the estate. For couples with one child, the surviving spouse is …

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Ontario Pauses Residential Evictions for the Second Time This Pandemic

Following Doug Ford’s state-of-emergency announcement on January 12th, residential evictions have been put on hold for the second time amid the Coronavirus pandemic. Ontario’s municipal affair’s minister explained that this pause will allow everyone to remain safely in their residence. The province encourages all tenants who are able to pay their rent to continue to …

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The Importance of Status Certificates when Purchasing Condominiums

When buying a condominium, especially a resale condominium it is extremely important that you have a lawyer to review the status certificate to ensure that you are purchasing the condominium with as much information about the condominium corporation, it’s financial information, common expenses, budget, reserve fund and along with other important information included in the …

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New Build Developments & Exculpatory Clauses

A recent decision in Ritchie et al. v. Castlepoint Greybrook Sterling Inc., 2020 ONSC 3840, dismissed a class action lawsuit seeking damages on behalf of purchasers under purchase agreements to a cancelled development on the basis of an exclusion clause in the agreement.  The plaintiffs (purchasers) alleged that the vendor (defendant) terminated the purchase sale …

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Millennials Making Moves !

Many more millennials are getting to a stage in their lives where they have graduated from university, they have gotten their first big job coming out of school and found their significant other. However, one recent trend amongst millennials is to prolong or delay getting married. Instead, many millennials opt to get into the real …

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Mortgage Rule Changes: Stricter Requirements for Homebuyers

Last week the Canadian Mortgage and Housing Corporation (CMHC) tightened its rules for an insured mortgage. Mortgage insurance, which protects lenders from risk of borrowers defaulting on their payments, is mandatory in Canada with loans that have a down payment less than 20%. Qualifying for a mortgage is going to get a bit more difficult …

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Canada Emergency Commercial Rent Assistance for Small Businesses

After much deliberation the Government of Canada in partnership with the Provinces and Territories are taking action to provide relief to small business owners. The CECRA will lower rent by 75% for small businesses that have been affected by COVID-19. Landlords are required to reduce the rent payable by the tenant to 25% of the …

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Enforcing Business Contracts During COVID-19 Shut Downs

By Anna Okorokov The current shut-down of all but non-essential services means that all businesses are being affected in an extraordinary manner. The importance of securing resilience in business operations has now become paramount. Most business contracts contain a force majeure clause which comes into operation when circumstances beyond a party’s control make it impossible …

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What’s an Assignment Sale Transaction?

An assignment is a sale transaction where the original buyer of a property (the “assignor”) allows another buyer (the “assignee”) to take over the buyer’s rights and obligations of the agreement of purchase and sale, before the original buyer closes on the property. There are many reasons why this type of transaction would take place. …

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Estate Planning amidst COVID-19

By Jasdeep Dhillon http://legal-solutions.ca/about/jasdeep-dhillon/ We have all heard the famous 1789 Benjamin Franklin quote “In this world nothing can be said to be certain, except death and taxes”.  As morbid as that may sound we cannot deny the truth behind this quote, death is inevitable and taxes will be paid one way or another. It …

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