Kormans Legal Blog

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  • The “2024 Ontario Budget: Building a Better Ontario” announced changes to the Non-Resident Speculation Tax (NRST), which are effective March 27, 2024. As a refresher, NRST is a tax in addition to the general Land Transfer Tax (LTT) on the purchase or acquisition of an interest in designated land by individuals who are ...
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  • A proposed settlement agreement has been reached with respect to a class-action lawsuit that was filed in the Missouri federal court by a group of home sellers against the National Association of Realtors (NAR) and other defendants. The Plaintiffs claimed that real estate commission rates are too high, buyers’ representa...
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  • 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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  • Experience the revolutionary audiobook collaboration between Jonathan A. Hacohen and Ron Lopata! This is not your ordinary audiobook. Dive into an extraordinary experience as Jonathan and Ron join forces to bring you a one-of-a-kind rendition of The Bible 3.0! With Ron's production of all original music setting the ...
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  • Expanding your business beyond the borders of your home province can be an exciting endeavor, presenting opportunities for growth and expansion. However, it is important to note that in Canada, each province and territory operates under its own set of corporate laws and regulations. This means that a business established i...
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