Areas of Law
Notice of Security Interest (NOSI) ban effective June 6, 2024
The Ontario Government has passed Bill 200, the Homeowner Protection Act, 2024, in the Legislative Assembly of Ontario, which received Royal Assent on June 6, 2024. The Personal Property Security Act was amended to specify that a notice of security interest (NOSI) may not be registered in a land registry office with respect to collateral… Read More »
Categories: Online Only, Real EstateQuestions and answers about the changing practice of wills & estates law
The number of seniors aged 75 and over in Ontario is projected to double by 2046 to 2.6 million from 1.3 million in 2023, suggesting an unprecedented impending wealth transfer in the province. Wills and estates law is already growing and will be even more in-demand in the years to come. We want to give… Read More »
Categories: 2024 June - Time for Tomorrow, Articles, Wills & EstatesThe case of the delayed will
In the legal profession, time management is a critical component of risk management. Effectively managing time, from handling daily tasks to progressing case files, can greatly impact the quality of legal services provided. Yet, achieving effective time management is often easier said than done, given the pressures of a packed schedule, unexpectedurgent matters, and the… Read More »
Categories: 2024 June - Time for Tomorrow, Articles, Time Management, Wills & EstatesTitlePLUS: If you have a claim reporting it quickly makes a real difference
The key reason for prompt reporting of a claim is to keep options open to look for ways to resolve the claim, and not have our position prejudiced by delay or actions taken by the policyholder before the claims examiner has had a chance to complete their investigation. This is especially important in claims that… Read More »
Categories: 2024 June - Time for Tomorrow, Articles, Real Estate, TitlePLUSUPDATE: Administrative dismissals of SCJ civil, family and Small Claims Court matters resume May 13
Please note that administrative dismissals resume on May 13, 2024, for Superior Court civil, Small Claims Court, Divisional Court, and family matters. The contents of this notice only address Superior Court civil actions. Which Superior Court civil actions will be dismissed? Unless appropriate steps are taken, Superior Court civil actions are subject to be administratively… Read More »
Categories: Civil LitigationVacant Home Tax: Is your client buying or selling?
Several regions in Ontario have introduced or are contemplating the introduction of a vacant home/unit tax (VHT). The failure to file a declaration of occupancy status (“VHT declaration”) has led to complications for both sellers and buyers. If homeowners fail to submit the VHT declaration by the stipulated deadline, the property is presumed vacant. This… Read More »
Categories: Online Only, Real EstateUnlocking Real Estate Wisdom (2024)
Join us as we provide a practical summary of recent legislative developments impacting the industry, ID verification rules and procedures, the CRA’s new trust reporting rules, legal advice for bare trustees, and essential tax considerations impacting real estate practitioners.
Categories: CPD, CPD Real Estate, Real EstateTitle insurance matters: ‘One of these things is not like the other’
You may recall the title as a lyric from a song in a popular kids show many years ago, reinforcing the benefits of being aware and noticing differences. This same lesson applies when comparing the legal protection coverages offered by other title insurers that compete with the Legal Service Coverage that’s included in TitlePLUS policies…. Read More »
Categories: 2024 March - The Confidence Client, Articles, Real Estate, Title insurance, TitlePLUSAdministrative dismissals will resume May 13, 2024
Today, February 28, 2024, the Ministry of the Attorney General of Ontario has informed the public and the profession that administrative dismissals of Superior Court civil actions that have not been set down for trial within 5 years, or have been struck off a trial list and have not been restored within 2 years of… Read More »
Categories: Civil LitigationCRA’s new trust reporting requirements
[Updated March 28, 2024] This year’s tax filing season may be looking different for some people and corporate entities due to new trust reporting rules. These changes, while presenting challenges, also offer legal professionals an opportunity to educate their clients. Overview Previously, trusts were only required to file a T3 Trust Income Tax and Information… Read More »
Categories: Corporate Law, Family, Online Only, Real Estate, Tax, Wills & Estates