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Child Custody Schedules By Age

When parents separate, they have to think about how much time each parent should spend with the child. As children get older, they can decide for themselves how much time they want to spend with each parent. But until then, the parents themselves or the court decides about child custody schedules by age.  Age-Based Custody Schedules Age-appropriate communication routines provide meaningful psychological support for children who have experienced parental separation. These routines...

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How To Remove An Executor In Ontario

Ontario courts do not like to disqualify executors or trustees at the request of heirs. Under the principle of intestacy, a testator's wishes as to who will administer the estate must be honoured except in cases of serious misconduct. So, it’s becoming very important to know how to remove an executor in Ontario for beneficiaries who find themselves facing mismanagement or disputes regarding an estate.  The process involves legal steps that...

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How to File Underused Housing Tax

Understanding how to file underused housing tax is important. UHT serves in improving housing availability across Canada. It targets properties left vacant or underused by their owners. Primarily, this tax impacts foreign owners and certain Canadian entities that hold residential real estate without occupying or renting it out for a significant part of the year. Legislation Insights The legislative roots of the Underused Housing Tax trace back to federal efforts aimed at...

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Trust Reporting Requirements

In December 2022, trust reporting requirements in Canada underwent a lot of significant changes. There are many details to the new rules that you shouldn't overlook if you don't want to get a penalty. Reporting Trust Requirements Historically, trusts were designed to provide asset protection and estate planning advantages. However, evolving tax policies are aiming to close loopholes that once allowed for oversight and tax evasion.Authorities have introduced detailed requirements for trusts...

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Safety Deposit Box

Opting for a safety deposit box offers outstanding security features that home safes simply cannot match. It protects items like birth certificates, legal documents, and family heirlooms against theft, loss, and natural disasters.  Explaining Safe Deposit Box Basics A safe deposit box offers a secure storage option within bank vaults. Individuals use it to safeguard valuables and important documents. This service capitalizes on the bank's security systems. Banks equip their vaults with advanced...

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How to Avoid Real Estate Fraud

Real estate fraud has become a growing concern in today’s market, posing serious risks to buyers, sellers, and lenders alike. The DeKrupe law team specializes in real estate law and has experience dealing with various types of property fraud. You need to understand the dynamics of real estate fraud and know how to protect yourself against malicious intent....

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Zoning Laws of Toronto

Toronto zoning laws are complex for those who plan to buy a property, particularly for newcomers to the city's regulatory framework. These regulations are very important in moulding the urban landscape. Regulations which determine what designs are acceptable in certain locations.  Urban Development Zoning by-laws serve as the backbone for urban development in Toronto. They dictate how land can be used, the types of buildings allowed, and their locations. This makes sure...

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What is a Real Estate Brokerage?

Understanding the framework of property transactions comes from answering the questions what is a real estate brokerage and what he does. Briefly, this activity serve as the bridge between buyers and sellers, offering expertise and assisting in the real estate market deals.  Unlike individual agents, brokerages operate as larger firms providing a suite of services for those aiming to understand the complexities of real estate. They're licensed professionals in legal compliance...

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Steps to Transfer Shares in a Private Company in Canada

Have you ever wondered how the process of selling shares in a private company in Canada works? Selling shares in a private Canadian company requires understanding legalities, accurately valuing your stake, and finding a buyer, all without typical marketplace visibility.  Overview of Share Transfer Process The company's shareholder agreement often outlines the procedure for share transfers, including any restrictions or pre-emptive rights. Shareholders must understand these terms to avoid disputes. They should also...

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Steps in Commercial Real Estate Transactions

The process of commercial real estate transactions is complex and requires precise legal interpretation. For investors and businesses, these transactions are critical as they can expand or strengthen assets.  Buying, selling, or leasing commercial properties require a strategic approach to ensure financial success and compliance with regulatory standards. With significant capital at stake, professionals navigate through due diligence processes, contract negotiations, and financing considerations with meticulous attention to detail. Commercial Real Estate...

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