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Filing Returns with the Condominium Authority of Ontario
Condominium corporations in Ontario are required to file specific returns with the Condominium Authority of Ontario (CAO). While this may seem like a simple practice, the consequences of not filing the proper returns on time can impact not only condominium...
Criminal Asset Forfeiture: Can you lose your home if you paid for it using illegitimate money?
How does the law in Canada view the real estate of criminals? Once found guilty, can criminals lose their home or other assets if they are purchased using money from a crime? According to the Criminal Code of Canada, the...
Airbnb and Landlords in Ontario
With the growing popularity of Airbnb in Ontario, many landlords have made the decision that they would rather use their units as Airbnb rentals rather than trying to find long term tenants. Since traditional tenant agreements are no longer the...
Super Priorities and Unpaid Taxes in Canada
Super Priorities and Unpaid Taxes in Canada “Tax legislation equips the government with very powerful tools to ensure that taxes are properly paid. One of those tools is the deemed trust… In this action, the Crown seeks to recover money that [TD Bank] received from one of its...
Cancelling a Real Estate Offer in Ontario
You may have seen the phrase "this offer shall be irrevocable by" on your Agreement of Purchase and Sale during a real estate transaction in Ontario. This phrase usually contains a specific date and time and states "after which time,...
