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Ontario Cottage Family Trust

Creating an Ontario Cottage Family is common at this time of year. Cottage owners can achieve many benefits by holding their cottage property with a family trust. A trust is, in essence, a relationship. There are three main parties in a trust, (1) the settlor (2) the trustee(s) and (3) the beneficiaries. The settlor “settles”…

Brooke and Brittany Henderson with JP McAvoy

Brooke and Brittany Henderson with JP McAvoy at the Kevin Haime Kids to the Course Classic at Eagle Creek Golf Course on May 8, 2018.

Family Trust Income Tax from the Federal Budget

Here are some of the key features concerning Family Trust Income Tax from the Federal Budget. Family Trust Income Tax. If a trust does not earn income or make distributions in a year it is generally not required to file an annual (T3) return of income. The budget proposes to require that certain trusts provide additional…

Certificate of Appointment of Estate Trustee

  Certificate of Appointment of Estate Trustee With a Will, or Probate as we so often say, is a process that involves confirming the validity of a Will.  Of course, it also allows executors to distribute the deceased’s assets pursuant to the terms of the validly proved Will. In order to apply this authority, executors…

Perfecting a Construction Lien

A company in the construction industry faces financial and security risks. In fact, when a construction company makes improvements to a property, their client may be unable or unwilling to pay them, which often leaves the company financially at risk.  However, the Construction Lien Act (CLA) protects contractors by allowing them to file a lien…

Proposed Tax Changes Harm Business Owners

It is no secret the federal government has introduced far sweeping tax proposals to change to the Income Tax Act that will have an adverse effect on small business owners and professionals using a professional corporation structure to carry on their practice. The proposed changes are a slap in the face to the hard working…

Buying A Business

When buying a business potential business owners are typically focused on the purchase price. However, it is equally important as buyer to thoroughly review all relevant corporate documents before the deal closes. Even if a buyer can get a “good deal” on the price of the business, not conducting a proper review could end up…

Incorporating Medical Professionals

Incorporating medical professionals is a key for many physicians. Whether the physician is a recent graduate or an established physician, there are a number of benefits to having a medical professional corporation ( or “MPC”). A medical professional corporation allows a physician to create a separate legal entity, one that can own assets, incur liability,…

Corporate Law Clerk Position at ConductLaw

ConductLaw has an opening for an experienced corporate clerk interested in leading our corporate law department.  The successful candidate will be industrious, conscientious, organized, enthusiastic, with a great sense of humour befitting our young vibrant firm. We are looking for someone who has an in depth knowledge of purchases and sales of a business, corporate refinancings…

Probate or Certificate of Appointment of Estate Trustee

Probate or Certificate of Apointment of Estate Trustee as its now known in Ontario is a court’s legal confirmation of a Will as well as an estate trustee’s authority. Probate is not always required, but mandatory in many estate administrations. Most financial institutions, for example, require proof that they are in fact transacting with the…

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