Choosing Mortgage That is RIGHT for you What is a Mortgage? When you purchase a home, you might only pay a portion of the purchase price and need assistance from a lender to cover the remaining cost. A mortgage is the loan you obtain from a lender to pay for the remaining cost of your…
Preparing for your 2024 Tax Return Preparing for Your 2024 Tax Refund Even though the tax filing period for 2023 has passed, it’s a good idea to start preparing now to save more on your taxes and get a bigger refund for the 2024 tax season. Understanding refundable and non-refundable tax credits can help you…
Small Claims Court Ontario Suing Someone Small Claims Court Ontario [ Suing Someone] In our daily lives, there are occasions where we may need to pursue a Small Claim for minor issues. Small Claims provide a straightforward method to resolve disputes without going to a higher court, applicable only for amounts up to $35,000. ➤…
Canada Caregiver Program 2024 Canada Caregiver Program 2024 ‘New PR on Arrival Pilot Programs’ Last year (February 2023), Canada’s Immigration Department announced new measures to support caregivers in acquiring permanent residency. Recognizing the significant role caregivers from abroad have played in supporting Canadian families for decades, the government provided a pathway to permanent residency as…
“Trustee” “Who is a Trustee?” A trustee is someone who is tasked with managing and safeguarding specific assets or property. A trust can be considered a type of arrangement for a special purpose, which typically includes real estate, financial assets, and other possessions. In simple terms, a trustee assumes the following key roles: Asset Management:…
When should I prepare a will? When is the best time to prepare a will? A will is something everyone should consider preparing. Regardless of age or health status, it’s important to draft a will to clearly outline one’s wishes regarding property, children, family members, specific belongings, and more. Below are some considerations for when…
Important information for resolving landlord-tenant conflicts Tenancy agreementsWhen a landlord rents to a tenant, they enter into a contract, a ‘tenancy agreement’. This is the agreement under which the tenant pays rent to live in the rental unit. This agreement can be verbal or implied, and a standard lease agreement should be used for most…
About end of lease notices When a landlord wants to end a tenant’s lease and move out, they need to give the tenant a ‘lease termination notice’. There are different end of lease notices depending on why the landlord wants to end the lease, and each end of lease notice has different requirements. See lease…
How do I resolve conflicts between tenants and landlords? These days, rising mortgage rates have led to unstable relationships between tenants and landlords. More and more people are wondering how to resolve these conflicts when they arise. For example, we get a lot of questions about how tenants can be evicted or how landlords can…
Canada Extends Ban on Foreign Home Buyers to 2027 The Canadian government has announced an extension of the existing ban on foreign individuals purchasing homes in Canada for an additional two years. The Prohibition on the Purchase of Residential Property by Non-Canadians Act, which initially took effect in 2023 to address concerns about non – residents driving up…
