Growing into Canada: Plant a Sapling or Extend a Branch?
Canada is a lush, beautiful country, and nature abounds. Canada is also a vibrant economic market and foreign companies looking to do business in Canada will need to select a corporate model and strategy. Assuming a non-acquisition entry, they can either start fresh and incorporate a subsidiary or extend current operations via the branch model […]
D.I.Y. Agreements of Purchase and Sale: Considerations
There has been much discussion on the changes in the real estate market, particularly on affordability. To save costs, many prospective buyers and sellers may consider working together to draft an agreement. This approach may arise for recreational properties, vacant land and homes that are being transferred amongst family and friends as a few examples. […]
Practice Development Tips for New and Newer Lawyers, Continued
In an earlier blog post, I discussed some practice development tips for newer lawyers. This post continues that conversation. Not Work Life Balance – Integration When we talk about work-life balance we are talking of course about the relationship between our work and other important features of our lives, the most important generally being family. […]
Practice Development Tips for New and Newer Lawyers
Most seniors have an opinion on what new or newer lawyers should be considering concerning practice development. Me too. I don’t think there is a comprehensive list and therefor what follows is not pretending to be one. But if we were sitting down and you asked me what I think it is important to know […]
Purchasing Contaminated Sites
Purchasing a property that is contaminated can be daunting. There are many risks to consider, including significant liability risks. In some cases, a full assessment of the risks may not be possible before the decision to proceed or not must be made. A purchaser will be in a much better position to make decisions if […]
Tips for Requesting a Laneway Closing
So, you’ve bought your first home with a large fenced in back yard and you discover it is so large because it encloses a portion of a laneway. What do you do? What is the process for making an application to close a laneway that abuts your property and purchase that land? Abut means that […]
Lawyers, Stay in the Know: Updates to the Planning Act
Changes to the Planning Act have come into force as of January 1st, 2022, and it’s important for lawyers to understand how these changes affect any given real estate transaction. The changes to the Act come as a result of more than two years of consultations with various stakeholders, including LAWPRO. Ray Leclair, Vice President […]
The New Trust Beneficiary Reporting Rules Are Coming…..
We have known since 2018 that changes were coming to provide transparency regarding beneficial ownership. Annual reporting is going to be the norm regardless of whether tax is owing. The legislation is still in draft form but the highlights we are going to need to address, for those trusts required to report, are: Identification details: […]
What Happens to My Stock Options When I am Terminated?
What are stock options? A stock option is the right but not the obligation (i.e. the “option”) to purchase stock in the Employer Corporation at a particular price (“exercise price”) at a set time in the future. If the value of the stock is greater than the exercise price, then the employee will realize a […]