Entries by Geoff Rabideau

Director Resignation, Shareholder Deadlock, and Corporate Paralysis in Ontario: What You Need to Know

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 […]

Tarion Warranty coverage after you close

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 […]

Transfer of Real Estate Between Trustees in Ontario

When real estate is held in trust, there may come a time when the trustee needs to be changed—due to resignation, incapacity, death, or a planned transition. In Ontario, transferring real property from one trustee to another involves specific legal procedures to ensure title remains properly held in trust and the Land Titles records stay […]

Mortgage Defaults and Enforcement in Ontario: What You Need to Know About Power of Sale, Foreclosure, and Credit Impact

The Early Signs: Late or Skipped Payments Missing a mortgage payment doesn’t automatically trigger enforcement, but it does start a chain of potential consequences: Impact on Credit: The first missed payment can drop a borrower’s credit score by 80–100 points. These notations (e.g., M2 or R2) remain on a borrower’s credit report for six years. […]

What a Homeowner Must Do Before Using Force in Canada

Unlike the U.S. castle doctrine, Canadian law does not presume that a homeowner can automatically use force when an intruder enters. Instead, the Criminal Code (ss. 34–35) requires that several conditions be met. 1. Assess the Situation The homeowner must first believe, on reasonable grounds, that they or another person are being threatened with force, […]