Temporary Foreign Worker Program - Labour Market Impact Assessment Update
Significant changes to the Temporary Foreign Worker (TFW) program have been introduced by Immigration, Refugees, and Citizenship Canada (IRCC), affecting LMIA applications and wage thresholds for employers. With updates already in effect, these adjustments aim to uphold the integrity of Canada’s labor market. Employers in various sectors must adapt to new caps, wage standards, and documentation requirements. Learn how these changes may impact your hiring strategy and ensure compliance with the latest regulations.
Three Key Things to Look for in a Condominium Status Certificate
Before purchasing a condominium in Ontario, understanding the details within the status certificate is crucial to avoiding unexpected financial or legal issues. From assessing the financial health of the condominium corporation to uncovering potential legal disputes and unit-specific details, the status certificate offers key insights that can protect your investment. Discover the three essential aspects to focus on when reviewing this critical document.
Recent Tax Court Ruling: HST Applied to Sale of Short-Term Rental Properties
Are you an Airbnb host or short-term rental property owner? A recent Tax Court ruling could significantly impact your finances when selling your property. The court determined that homes frequently rented out on platforms like Airbnb may face a 13% HST on the total sale price, as short-term rentals could classify your property as a commercial asset. This decision highlights the difference between long-term rental exemptions and the costly implications of short-term rental use.
The Importance of Title Insurance When Purchasing a Home in Ontario
Title insurance shields homeowners from costly legal battles and complex issues that could arise after buying a property, offering invaluable peace of mind. Avoid unexpected expenses and secure your ownership rights with title insurance—a small cost for significant protection.
Why You Should Consult a Lawyer Before Signing a Mortgage Loan Commitment
Before signing a mortgage loan commitment, it's crucial to consult with a real estate lawyer. Mortgage agreements can be complex and filled with legal jargon, and having a lawyer review the terms helps protect your financial future. Discover how legal expertise can save you from potential pitfalls and ensure a smooth home-buying process.
Title Fraud – Recognizing the Red Flags and How to Mitigate Damages
Title fraud is a growing concern for property owners, especially those with mortgage-free homes or investment properties. Fraudsters can impersonate owners to sell properties or secure unauthorized mortgages. Discover which properties are most vulnerable and how to protect yourself from title fraud. Click here to learn more and safeguard your home!
What Happens If Your Pre-construction Project Gets Cancelled?
What happens if the pre-construction project you invested in gets cancelled? From financial risks to legal protections, it's important to know your options. Discover how to safeguard your investment and reduce the chances of being caught off guard. Read more to learn the steps you can take.
CAN INTERNATIONAL STUDENTS WORK WHILE STUDYING IN CANADA?
International students in Canada can work during their studies without a work permit if their study permit allows it. However, there are limits on hours, especially for off-campus jobs. With changes to regulations, including the end of temporary COVID-era policies, students must stay informed to avoid violations that could impact their status. Learn about the latest updates and how they affect your ability to work in Canada while studying.
Treatment of Notice of Security Interest Registrations After Bill 200
Discover the complexities of Notice of Security Interest (NOSI) and how recent changes under the Homeowner Protection Act, 2024, impact property titles and debt obligations. Learn what this means for buyers, sellers, and real estate lawyers, and explore the ongoing debate about removing expired NOSIs from title. Don't miss crucial insights on protecting your property rights.
Knowing Your Rights to Delayed Occupancy Compensation Under the Tarion New Home Warranty
Did you know that under the Ontario New Home Warranties Plan Act, all new homes built in Ontario come with a builder-provided warranty? This includes compensation for delays in occupancy or closing dates. Understanding your rights and the process for claiming delayed occupancy compensation is essential. From the critical dates in your purchase agreement to the calculation of compensation and how to file a claim, there are several key details to be aware of. Don't miss out on crucial information that could impact your new home purchase.
All Assignment Sales & Substantial Renovations Are GST/HST Taxable
As of May 7, 2022, all assignment sales of newly constructed or substantially renovated residential housing are subject to GST/HST. This change impacts all assignment transactions, making them HST-taxable supplies. Learn how this affects your real estate transactions and what steps you should take.
Ontario's Housing Crisis: Inside the Strained Landlord Tenant Board
Explore Ontario's housing crisis & challenges with the Landlord Tenant Board (LTB), facing delays & disputes in a competitive rental market.
Power of Attorneys (POA) in Ontario
Power of Attorneys (POAs) in Ontario are essential for managing someone's affairs if they become incapacitated, as shown in a real case where a wife couldn't access her comatose husband's finances or make healthcare decisions. The article explains different POAs and underscores the importance of choosing a trustworthy person to represent your interests, ensuring your wishes are respected and protected in difficult times.