Transferring Business Ownership Through Succession Planning
Do you have a plan for the transfer of your business? Transferring a business can be an involved and complicated process that can have a major impact on your finances and retirement. Succession planning involves transferring ownership and control of a business to new ownership. This process can be highly emotional and complex, which is why […]
Financial Disclosure in a Separation: What You Need to Know
Making the decision to go through a separation with your spouse is not an easy one. Besides the emotional toll, there are also logistics that you need to figure out to divide your assets and ensure a fair deal is reached by both parties. No matter what route you choose to try to resolve issues […]
Can my employer sue me for quitting?
Generally, if an employer wishes to dismiss an employee and end the employment relationship, they are free to do so as long as they provide sufficient notice, or pay in lieu of notice. This is to provide the employee with enough time to find suitable, comparable employment. If the employer does not provide sufficient notice, […]
Private Loans
Private loans, or loans between individuals are a common alternative to financing through a commercial lending company or bank. However, sometimes, the terms of private loans are significantly higher than those from commercial lenders. Debtors who find themselves defaulting on the terms of repayment and facing court action, or lenders considering a court proceeding should […]
Assets vs Shares
So you’ve decided to buy a business after months (or perhaps years) of deliberation and due diligence. The investment looks sound to you, and now you need to make the next step and actually acquire your business target. So how do you do this? Concerning business acquisitions there are basically two methods: Asset Transactions: a […]
Review Your Car Insurance Policy as Part of Your Spring Cleaning!
As RRSP season wraps up, tax season is upon us and spring cleaning is around the corner, it is time to take a close look at your car insurance policy and make sure it is has appropriate coverage for your current requirements! Car insurance is mandatory in Ontario. While basic auto insurance policies are standardized […]
Ontario’s Sex Education Curriculum: What Can the Law Do to Challenge a Government Policy Decision?
In an age of increasing protest against government policy decisions, what role can courts and tribunals play in challenging these decisions? Divisional Court Weighs In The Divisional Court of Ontario tackled this issue in their decision in ETFO et al. v. Her Majesty the Queen, 2019 ONSC 1308 (CanLII), wherein a teacher as well as a parent […]
Is There An End in Sight: Spousal Support
Spousal support is a sensitive topic for many people going through a separation. Many payors are surprised by how much support they might be required to pay a spouse or former spouse, and even more surprised by just how long the obligation might last. Some court orders or separation agreements have built-in end dates or […]
Lay-offs: the Dangers of Shooting First and Asking Questions Later
For employers and employees alike, lay-offs continue to be a largely misunderstood area of employment law. Many employers and employees believe that a lay-off occurs when the employer ends the employment relationship on a without cause basis. However, a true lay-off occurs when the employer temporarily stops employing an employee on the understanding that the […]