Effective Succession Planning for Cottages and Investment Properties

Despite the obvious benefits of owning a cottage or investment property, there are numerous issues that can arise when they are transferred. For example: Which children, if any, are interested in future ownership? Which one(s) do you want to transfer it to? What are the tax and probate fee implications to transferring the property now…

Home Finances

Friday, March 26, 2010, 7:30 p.m. Hosted by Grace Christian Life Centre 801 Progress Ave. Scarborough, ON M1H 2X4 The Legal and Timely Issues Seminar Series chaired by Andrea P Kelly invites you to come out for an informative discussion on home finances. In this session, you will learn: Mortgages Taxes Purchase transaction closing costs…

Post-Closing Property Tax Surprises for Newly Constructed Homes

Purchasers of newly constructed homes are often surprised to receive after closing omitted or supplementary property tax bills. They are issued because between annual assessments of property values, properties continue to change. For example, new homes are constructed, owners renovate, additions are built and the uses of properties change. The change in the current value…