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Understanding Land Transfer Tax – Real Estate Law

If you wish to buy or transfer property in Ontario, it is important to be aware of the Land transfer tax (LTT). Barring a few exceptions, the Ontario Government applies the Land Transfer Tax for all properties purchased or transferred. The buyer pays this amount upon registration of the Transfer/Deed. On transfers of residential real property in Ontario, Land Transfer Tax (LTT) is calculated on the purchase price.

Disability Benefits and Mental Illness

According to the latest studies, one in five Canadians will experience a mental illness or addiction at some point in their adult lives. In fact, Health Canada states that mental illness is the second leading cause of disability in Canada. The Institute of Health Economics reports that on any given week at least 500,000 employed Canadians are unable to work due to mental illness.

Real Estate Law – Backing Out of a Sale

Selling a house or property is usually not a simple process, and just because the unit is sold pursuant to an Agreement of Purchase and Sale does not necessarily mean that the deal will close. Situations can cause a deal to fall through forcing buyers to back out at the last minute.

Wills & Estate Law – Creating a Living Will

A living will, also known as an advance directive, is simply a document that lets people state their wishes for physical care in case they become permanently ill, unconscious, or require emergency medical attention. You can include your “living will” or “advance directive” as part of your Power of Attorney for Personal Care.

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