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  28 March

  Items Subject to Land Transfer Tax on Pre-construction Purchases!

  • Created by Kormans LLP

  
  

  In a previous blog post, we looked at the details for the eligibility of the HST Rebate on a pre-construction purchase in Ontario. In this blog post, we will go over items on a new build purchase transaction on which land transfer tax has to be paid. When a freehold; condominium; or land is purchased in Ontario, lan...

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  11 January

  HST Rebate Credit on Pre-construction Purchases!

  • Created by Kormans LLP

  
  

  Usually, the purchase price in a new construction residential Agreement of Purchase and Sale is inclusive of HST less the amount of the HST Rebate which the Builder has already taken off the purchase price up front. In order to remain eligible for that HST Rebate credit at the time of Final Closing with the Builder,...

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  02 November

  Improve Your Security on Commercial Loans (Part 2)

  • Created by Kormans LLP

  
  

  With the ever-rising interest rates on commercial mortgages that institutional lenders are providing in the current lending market, many commercial borrowers, including those looking to borrow via a corporation have no choice but to turn to private mortgages as their means for obtaining financing. When acting for pr...

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  07 September

  Improve Your Security on Commercial Loans (Part 1)

  • Created by Kormans LLP

  
  

  With the ever-rising interest rates on commercial mortgages that institutional lenders are providing in the current lending market, many commercial borrowers, including those looking to borrow via a corporation have no choice but to turn to private mortgages as their means for obtaining financing. When acting for pr...

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  01 June

  Importance of a Shareholders’ Agreement

  • Created by Kormans LLP

  
  

  Have you recently obtained shares in a private corporation? If so, it is very important to come to terms with the other shareholders in the corporation via a shareholders’ agreement (the “Agreement’). As part of a business venture either with family members; friends; or business associates, individuals often b...

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