Incorporating a business involves completing several steps while ensuring compliance with both provincial and federal laws. Incorporation creates a legal entity distinct from its owners. Why Incorporate a Business in Ontario? Incorporating your business in Ontario offers several advantages: Limited Liability: As a separate legal entity, your personal assets are protected from business debts […]
Why is Corporate Law Important? Corporate law plays a crucial role in protecting the interests of shareholders, creditors, and the public. It provides a legal framework for businesses to operate efficiently and responsibly, and it helps to ensure that corporations comply with their legal obligations. It governs the formation, operation, and dissolution of corporations. It […]
Taxation law in Ontario is a complex system that governs the collection of taxes at both the provincial and federal levels. It impacts individuals, businesses, and other entities operating within the province. Key Components of Ontario’s Taxation Law: Income Tax: Personal Income Tax: Individuals in Ontario are subject to both federal and provincial income tax. […]
Understanding the Basics When buying or selling a home in Ontario, it’s crucial to understand the legal framework that governs real estate transactions. Here are some key aspects to consider: Key Legislation Land Titles Act: This act governs the registration of land titles in Ontario, ensuring clear ownership and protecting property rights. Residential Tenancies Act: […]
Contract law in Ontario is a set of legal rules that governs agreements between two or more parties. These agreements can be formal written contracts or informal verbal agreements. Essential Elements of a Contract: To be legally binding, a contract must generally have the following elements: Offer: One party must make a clear proposal to […]
A Brief Overview Commercial real estate law in Ontario is a complex area that governs the legal aspects of buying, selling, leasing, and developing commercial properties. Here are some key things you should know: Type of Commercial Real Estate: Office buildings Retail properties such as shopping centers or standalone retail stores Industrial properties: e.g., Warehouse […]
Ontario Labour and Employment Law: What You Need to Know Labour and employment law in Ontario is a complex area that governs the relationship between employers and employees. It includes a variety of laws and regulations that protect the rights of workers and ensures fair and equitable treatment in the workplace. Here are some key […]
A corporation is an entity legally separate and distinct from its owners. Regardless of whether the corporation was created to generate profit, it can enter contracts, pay taxes, lend and borrow money, hire employees, as well as buy and sell its own assets. As a legal entity, a corporation has many of the rights and […]
When a commercial tenant fails to pay rent, a commercial landlord can terminate the lease, or, alternatively, seek to exercise the remedy of distraint. The landlord cannot do both. Distraint, or distress, is the seizure of a tenant’s property for potential sale by the landlord in order to pay off arrears in rent. The Residential […]
Ontario’s Construction Act governs terms and payment of contracts between property owners or tenants and their contractors, including subcontractors. Any “improvement” to property could fall under the purview of the Act. The Act defines an “improvement” as any alteration, addition, or capital repair to the land; any construction, erection, or installation on the land, including […]
