Determining whether someone qualifies as a first-time homebuyer depends entirely on which legal or lending program is being applied. In Ontario, the definition used for the Land Transfer Tax (LTT) rebate is significantly different from the definition used by CMHC and other mortgage insurers such as Sagen and Canada Guaranty. A frequent point of confusion […]
Buying a chalet at Blue Mountain Village can be an exciting investment opportunity, especially when the property is part of the resort’s rental-pool program. However, purchasers, especially corporate buyers, are often surprised to learn that HST may apply even on resale. This outcome depends entirely on how the property is classified under the Excise Tax […]
A Powerful Structure for Private Capital, Real Estate Funds & Development Projects Mutual Fund Trusts in Canada have become one of the most powerful and flexible structures for private capital formation, particularly in the real estate and development sectors. As private lending, real estate investment, and alternative fund strategies continue to grow across Canada, developers, […]
At Rabideau Law, we’re proud to feature a special contribution from Blair L. Botsford, Principal at Botsford Law, as part of their Well-Squared Estate educational series. In this edition, Blair explores an important topic that touches many families: planning for vulnerable persons — including those with disabilities, illnesses, or circumstances requiring long-term financial care and protection. Who Is Considered a “Vulnerable Person”? Vulnerability can take […]
When a secured lender “credit bids” and takes title to collateral through a CCAA vesting order, two tax questions matter immediately: The short answer In the Balboa CCAA, for example, the court approved credit-bid vesting orders on multiple properties — the archetypal fact pattern for this tax treatment. Why the ACB is the credit-bid amount […]
Running a corporation in Ontario comes with important obligations under the Ontario Business Corporations Act (OBCA). While most business owners focus on sales, contracts, and operations, the governance structure — directors and officers — is what allows a company to legally function. But what happens if a director resigns, leaving the corporation without leadership? And […]
When reviewing a mortgage or charge registered on title in Ontario, one of the most important terms is the maturity date—the date on which the full principal becomes due. But what happens if the lender’s charge does not set out a maturity date? Can the lender still enforce the mortgage if the borrower defaults? At […]
It’s a common scenario: a newly married couple is purchasing their first home together. The wife has never owned a home, but the husband already owns a rental property. They wonder: Can she still claim the Ontario Land Transfer Tax (LTT) refund for first-time homebuyers if they put 99% of the home in her name? […]
When a loved one passes away owning property in Ontario, but their Will is probated in a U.S. state such as Florida, you might assume that the U.S. probate documents will be enough to handle the sale or transfer of the Ontario property. Unfortunately, that’s not the case. Ontario law requires a separate Ontario court […]
This is an overview of warranty coverage after closing for Freehold, Contract and Condo Units A note for Common Elements coverage For most condominiums, the common elements have the below warranty coverage.The condominium corporation is entitled to submit warranty claims for defects in work or materials in the common elements. There is no warranty coverage […]