Category : Information
Bare Trusts Explained
Bare trust (also referred to as naked or dry trust) is a legal arrangement in which a trustee holds a legal title to property but has no independent powers...
Understanding Power Of Sale In Mortgage Default Cases
Power of Sale is a tool in the hands of mortgagee when the mortgagor has defaulted on any of terms of mortgage. It could be triggered by non-payment of...
Designation Of Matrimonial Home
In Ontario, section 18 of the Family Law Act defines a “matrimonial home”: “Every property in which a person has an interest and that is or, if the spouses...
Is Your Vendor Non-Resident? Does That Even Matter?
Section 116 of Income Tax Act requires a non-resident vendor to notify CRA about disposition of property (described below) before the sale and obtain a certificate of compliance after...
