Title Searching: Purchaser Entitled to Rely on Land Titles Parcel Register – Lake v Cambridge (City), 2023 ONSC 5200
A 2023 Ontario Superior Court case, Lake v Cambridge (City), 2023 ONSC 5200, confirmed that a purchaser is entitled to complete a transfer relying on the Land Titles parcel register, without having to go behind it to determine whether any municipal subdivision control by-laws has been omitted from the Land Titles register. In July of […]
New Requirement for Private Federal Corporations to Report Individuals with Significant Control
This is an update on my earlier blog posted in 2022 titled “New Requirements for Private Federal Corporations to Report Individuals with Significant Control Coming Soon”. In an effort to increase transparency around beneficial ownership of corporations and to curb illegal activities such as money laundering, tax evasion, and terrorist financing, all private corporations governed […]
Unconscionable Procurement: A Century-Old Tool in the Fight Against Exploitation
“For it is in giving that we receive.” –Francis of Assisi Many of us grew up hearing this mantra. Good people give back. Generous people are good people. But where is the limit? Is there a limit? If you’ve ever watched a loved one being taken advantage of, then you know the answer is yes. […]
The Ins and Outs of Title and Title Insurance
What is title? “Title” is a legal term for a person or company’s rights of ownership in a private property. This is different from a “deed”, which is the legal document that transfers title between people. What is the Land Registry System? In Ontario, we keep track of ownership rights of private property through the […]
Family Trusts and Real Property
The recent announcement from the Federal Government regarding an increase in the capital gains inclusion rate for individuals, trusts, and corporations has sparked significant discussion. This policy change will likely have widespread implications for asset management strategies. One area of particular interest is the creation of family trusts in Ontario to hold real property. While […]
Unlocking the Door to Your Next Chapter: Can I Force the Sale of the Matrimonial Home?
When couples part ways, the shared ownership of a matrimonial home often becomes a contentious issue. In Ontario, the law recognizes two forms of co-ownership: joint tenancy and tenancy in common. Joint tenancy implies that both parties own the entire property, with the surviving partner gaining full ownership upon the death of the other through […]
What Does a Real Estate Lawyer Do to Close Your Home Purchase?
If you are purchasing a home in Ontario, you likely know that you should retain a real estate lawyer to close the transaction for you. What you may not know, however, is what steps your real estate lawyer will take to close the transaction. Below is a very brief overview of the steps that your […]
What Happens When Someone Dies with Debts?
This is often a question that arises when someone dies with debts and the estate trustees are at a loss as to what to do with such debt. It is important that the estate trustees are aware of the debts to meet the demands of the creditors out of the estate of the deceased. The […]
Part of the Journey: a Letter of Intent
Every story has to start somewhere. When buying or selling a business, the journey usually begins with a well drafted letter of intent. A letter of intent or LOI sometimes also called a memorandum or letter of understanding or term sheet reflects the parties general understanding as to the principal terms and conditions upon which the […]