What is Title Insurance and Do I Need It?

Title insurance is an insurance policy that protects homeowners and mortgage lenders against financial losses related to the property’s title or ownership. Although title insurance is meant to provide a backstop against claims arising from issues not discovered at closing, …

Transfer of Title Between Spouses

Transfer of title between spouses occurs when a person is added or removed from property ownership or title by the owner. Subject to certain exceptions, land transfer tax is payable on every transfer of land in Ontario based on the …

Is It Necessary To Have a Minute Book For Your Corporation?

A corporate minute book is required and essential to any corporation’s record-keeping documentation. All corporations incorporated under either the provincial and federal Business Corporation Act are obligated to maintain accurate and up-to-date minute books pursuant to the corresponding governing legislations. …

Importance of having a Will

The importance of having a Will in place, especially living in unprecedented times, cannot be overstated. Passing away without a Will carry major implications, whether it relates to non-tax considerations or certain income tax and probate fee issues that may …