Demet Altunbulakli

Property Renovation in Toronto

The Legalities of Property Renovation in Toronto

Renovating a property in Toronto can be a great way to increase its value and appeal. However, the process can be complex and requires compliance with local bylaws and regulations. Homeowners and real estate investors need to clearly understand these legal requirements to avoid potential fines, delays, and legal complications. This article provides an overview

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Real Estate Investment Legal Risks

Legal Pitfalls of Real Estate Investments

Real estate investments can be profitable, but they come with complex legal considerations. As an investor, navigating these legal waters is crucial to avoid potential pitfalls that could jeopardize your investment. This article delves into the legal challenges of real estate investments and provides guidance on mitigating these risks. Due Diligence Failures One of the

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Legal Tips for Selling Home

5 Legal Tips for Selling Your Home

Selling your home is a significant financial transaction that requires careful planning and legal consideration. The following tips are some of many that can improve the process and mitigate risks when selling your property: 1 – Utilize Professional Real Estate Services Engaging professional services such as a reputable real estate agent or broker can significantly

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Probate Process

Probate Process in Ontario

Probate in Ontario is a legal process following an individual’s death. It involves court approval of the will and authorizing the executor(s) to distribute the estate according to the will’s directives. This article provides an overview of the process for legal professionals, executors and beneficiaries. What is Probate? Probate, also known as the Certificate of

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Annual Return

Annual Reporting for Incorporated Firms in Ontario

Annual reporting is an essential obligation for incorporated firms in Ontario, encompassing financial and legal requirements to ensure transparency, compliance, and good standing with relevant regulatory bodies. This article provides an overview of the annual reporting responsibilities for corporations operating within Ontario, including key deadlines, required documents, and non-compliance implications. The Corporations Information Act, R.S.O.

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Section 86 Rollover

Understanding Section 86 Rollover

The Section 86 rollover is a provision in Canadian tax law that offers a pathway for taxpayers to defer tax liabilities during the exchange of shares within a corporation. This mechanism, enshrined in the Income Tax Act (ITA), facilitates the restructuring of corporate ownership without the immediate tax consequences typically associated with such transactions. The

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Section 85 Rollover

What Is Section 85 Rollover?

The Section 85 provision allows the tax-deferred transfer of property to a corporation, also known as the “Section 85 Rollover”. Section 85 of the Canadian Income Tax Act (ITA) is crucial for individuals and businesses who want to plan their taxes efficiently. This article explains the concept, benefits, and considerations of the Section 85 Rollover.

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Homeowner Association

What Are Homeowner Association (HOA) Fees?

What are HOA Fees? Homeowners Association (HOA) fees are regular payments that residents of certain housing communities need to make. These communities usually include condominiums, townhomes, and some planned single-family neighbourhoods. The primary purpose of collecting these fees is to manage and maintain common areas and shared amenities. This includes landscaping, community pools, fitness centers,

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