Understanding the Prompt Payment and Adjudication Provisions of Ontario’s Construction Act

In the construction industry, timely payment for work completed is critical for maintaining cash flow and ensuring the smooth progression of projects. To address issues of delayed payments, Ontario's Construction...

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How to Vacate a Construction Lien: A Step-by-Step Guide

If you're a property owner or contractor in Ontario, dealing with a construction lien can be a complex and challenging process. Construction liens, also known as builder’s liens in Ontario,...

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Navigating Construction Liens under the Ontario Construction Act: A Guide for Industry Professionals

The construction industry in Ontario, governed by the intricate and detailed provisions of the Ontario Construction Act, plays a pivotal role in managing relationships and obligations among parties involved in...

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The Oppression Remedy: Safeguarding Minority Shareholders in Ontario’s Legal Framework

The oppression remedy is a significant legal mechanism available under Ontario's legal system, designed to protect the interests of shareholders and stakeholders in a corporation from actions that are deemed...

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The Section 85 Rollover

Section 85 Rollover Overview Section 85 of the Income Tax Act (ITA) is an important tax planning tool that allows corporations to defer taxation in certain transactions that are often...

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The Butterfly Transaction

Why do we call it a Butterfly? A butterfly transaction is a way to divide up assets in a corporation, or a set of corporations, in a tax-efficient manner under...

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Cryptocurrency

The Basics In 2009, the first decentralized cryptocurrency, bitcoin, was created as open-source software. A little over a decade later, the cryptocurrency economy has exploded onto the world stage, with...

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Principal Residence

What is a principal residence? With the average price of Canadian homes rising at rates higher than ever, it’s not unusual for homeowners to want to try to reduce taxes...

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Net Worth Audit

What is a Net Worth Audit? The Net Worth Audit is a method used by the Canada Revenue Agency (“CRA”) to calculate a taxpayer’s income based on the increases to...

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The Voluntary Disclosure Program

  The Scenario Earlier this year, I met with a client who had immigrated to Canada some ten or so years ago. As is often the case for many immigrants,...

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Do you need a shareholder agreement?

What is a shareholder agreement? When two or more individuals start or own a corporation together, there are many risks and unforeseen situations that can occur. Therefore, it is common...

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