What is a First Home Savings Account (FHSA)? Saving for a down payment on your first home can be a challenging endeavour. To assist aspiring homeowners, the Canadian government has introduced the Tax-Free First Home Savings Account. This innovative savings vehicle combines features of both a Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings...
Category: Corporate & Real Estate
What are the basics of corporate law in Canada?
What are the basics of corporate law in Canada? From small startups to multinational corporations, corporate law influences every aspect of business operations, ensuring compliance, protecting shareholders’ rights, and facilitating seamless transactions. It plays an important role in shaping the country’s economic landscape, offering a stable and secure environment for businesses of all sizes and...
Amendments to Prohibition on the Purchase of Residential Property by Non-Canadians Act’s Accompanying Regulations
Amendments to Prohibition on the Purchase of Residential Property by Non-Canadians Act’s Accompanying Regulations The Canadian Government has announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying regulations. The aim is to provide more flexibility for businesses and newcomers who wish to buy residential property and support individuals and...
Are you a first-time home buyer in Canada?
Are you a first-time home buyer in Canada? Buying your first home in Canada can be an exciting and overwhelming experience, especially if you’re unfamiliar with the legal aspects of the transactions. As a first-time home buyer in Canada, there are several things you need to keep in mind to ensure a smooth and stress-free...
Are you a non-Canadian individual or a corporation planning to buy a residential property in Canada?
Are you a non-Canadian individual or a corporation planning to buy a residential property in Canada? If yes, this blog will address all your concerns and questions about the recently enacted Prohibition on the Purchase of Residential Property by the Non-Canadians Act (hereinafter referred to as the Act). However, the Act only applies to census...
How much should I budget for my real estate lawyer fees?
How much should I budget for my real estate lawyer fees? All real estate lawyers and law firms set their own rates when it comes to legal fees. Some lawyers charge a flat fee plus GST, while some lawyers charge their legal fee plus office costs, also known as disbursements, and GST. At Shory Law...
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- What to know before legally starting a business in Canada?
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