Wednesday, May 28, 2025Zev ZlotnickBusiness Law, Corporate Law, Real EstateCommercial Real Estate, Lending, Multi-Residential Lending, Residential Tenancies Act

Lending on multi-residential properties in Ontario presents unique challenges that go beyond the physical asset. A critical factor for...

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Tuesday, May 27, 2025Zev ZlotnickBusiness Law, Corporate LawReal Estate, Transactions, Insurance

In Ontario, the question of whether in-house counsel can provide enforceability opinions in the context of loan and purchase transactions is...

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Thursday, April 24, 2025Zev ZlotnickBusiness Law, Corporate Law, Real EstateCommercial Mortgage, Mortgage, Title Insurance

Commercial mortgage lenders often prefer a lender's title insurance policy over a solicitor's title opinion for several key reasons...

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Tuesday, March 4, 2025Zev ZlotnickBusiness Law, Real Estate, Corporate LawCommercial Mortgage, Compliance, Lending, Ontario

In Ontario, the concept of super priority liens refers to certain types of liens that take precedence over other claims on a property, even rights arising from a...

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Wednesday, January 29, 2025Ian SpiegelBusiness Law, Corporate Law, Tax and Estate PlanningTax, CRA, Capital Gains

On April 16, 2024, the Honourable Chrystia Freeland (“Freeland”) – then the Deputy Prime Minister and Minister of Finance – tabled “Budget 2024: Fairness for Every Generation”, which included a proposed increase of the capital gains inclusion rate from one-half to two-thirds for capital gains realized (i) by an individual over $250,000 in a year, and (ii) by a trust or corporation in any amount (the “Capital Gains Increase”)...

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Wednesday, November 13, 2024Zev ZlotnickBusiness Law, Corporate LawCommercial Real Estate, Lending, Construction Liens

In Ontario, commercial real estate lenders need to be cautious of their involvement in borrower construction lien matters, especially when it comes to being named as co-defendants...

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Tuesday, October 29, 2024Isabel Yoo, Lynne WesterhofBusiness Law, Corporate Law, Non-Profit and Charities

Directors were removed from the board of a not-for-profit corporation by a motion supported by loud “cheers, whoops, and...

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Tuesday, October 22, 2024Zev ZlotnickCorporate Law, Business LawReal Estate, Construction Liens, Lending

Commercial real estate lenders operating in Ontario must be vigilant about construction liens due to the significant legal and financial implications these
liens can impose...

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Wednesday, September 18, 2024Zev ZlotnickBusiness Law, Corporate LawReal Estate, Lending

In the context of commercial lending, the priority of claims is a critical aspect of risk management. A common concern for commercial mortgage lenders is how a borrower’s unsecured debt, such as debt arising from promissory notes, can impact the lender’s security interest in the mortgaged property...

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Tuesday, September 17, 2024Ian SpiegelBusiness Law, Corporate LawIncome Tax Act

Enhanced trust reporting requirements were enacted for trusts with a taxation year ending after December 30, 2023, and required certain trusts to file a T3 Trust Income Tax and Information Return (“T3 Return”) and Schedule 15 Beneficial Ownership Information of a Trust (“Schedule 15”)...

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Thursday, August 29, 2024Zev ZlotnickBusiness Law, Corporate LawReal Estate

Commercial real estate mortgage lenders in Ontario require a comprehensive security package to safeguard their investment...

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Tuesday, August 6, 2024Zev ZlotnickBusiness Law, Corporate LawReal Estate, Non-Disturbance Agreement, Lease Agreement, Mortgage, Landlord and Tenant

Attornment grants authority or jurisdiction to a party even if no legal right exists. It is a legal device that is comparable to an assignment. Attornment may...

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Monday, July 15, 2024Heather Keachie, Lynne WesterhofNon-Profit and Charities, Business Law, Corporate LawNot-for-profit Corporations Act (ONCA)

The transition deadline to comply with the Not-for-Profit Corporations Act, 2010 (Ontario) (“ONCA”) is quickly approaching. The ONCA came into effect on October 19, 2021, and...

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Monday, June 24, 2024Ian SpiegelBusiness Law, Corporate LawIncome Tax Act

The captain of the Toronto Maple Leafs (the “Leafs”), John Tavares (“Tavares”), is currently in the process of appealing a Notice of Reassessment that was issued by the Canada Revenue Agency (“CRA”) with respect to his 2018 income. The Notice of Reassessment...

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Monday, May 27, 2024Clifford S. Goldfarb, Lynne WesterhofBusiness Law, Corporate Law, Non-Profit and CharitiesNot-for-profit Corporations Act (ONCA)

When the Canada Not-for-Profit Corporations Act (“CNCA”) and Not-for-Profit Corporations Act, 2010 (Ontario) (“ONCA”) were...

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Tuesday, May 14, 2024Zev ZlotnickBusiness Law, Corporate LawMortgage, Power of Sale, Ontario Mortgages Act, Bankruptcy and Insolvency Act

As a commercial mortgage lender you generally prefer the avoidance of enforcement. However, one must hope for the best and plan for the worst...

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Thursday, April 18, 2024Ian SpiegelBusiness Law, Corporate LawTrusts, Tax & Estate Planning

In our previous blogs, we discussed the expanded trust filing and reporting requirements for trusts with tax years ending on or after...

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Monday, April 15, 2024Ian SpiegelBusiness Law, Corporate LawTax & Estate Planning

Tax advisors play a crucial role in navigating the complexities of the Income Tax Act (Canada) (the “ITA”) and its...

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Thursday, March 28, 2024Ian SpiegelBusiness Law, Corporate LawCanada Revenue Agency (CRA), Trusts

In our previous blog post, we discussed the Canada Revenue Agency’s (the “CRA”) expanded trust filing and reporting....

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Wednesday, March 13, 2024Lynne WesterhofBusiness Law, Corporate Law, Non-Profit and CharitiesIncome Tax Act, Humanitarian Aid

In the midst of many global crises, Canadian charities are often involved in providing humanitarian aid...

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Tuesday, February 27, 2024Zev ZlotnickCorporate Law, Business LawReal Estate, Money Laundering, Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Money laundering is the concealment of the origins of illegally obtained money and disguising them as financial assets, such...

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Tuesday, February 20, 2024Zev ZlotnickBusiness Law, Corporate Law, Real EstateMortgage, Commercial Mortgage

Dye & Durham Standard Charge Terms 200033 are the standard charge terms that are included in...

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Friday, February 16, 2024Ian SpiegelCorporate Law, Business Law, Tax and Estate Planning, Tax LawTrusts, Income Tax Act

On December 15, 2022, Bill C-32, the Fall Economic Statement Implementation Act, 2022, S.C. 2022, c. 19 (“Bill C-32”), received Royal Assent. Bill C-32 amended the...

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Tuesday, February 13, 2024Zev ZlotnickCorporate Law, Business Law, Real EstateInterest, Interest Rates

Pursuant to Section 347 of the Criminal Code a criminal rate of interest is defined as an effective annual rate...

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Friday, February 9, 2024Ian SpiegelBusiness Law, Corporate LawSports Law, Tax & Estate Planning

Toronto has a rich history in professional sports. The Maple Leafs is an Original Six franchise with the...

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Tuesday, January 9, 2024Ian Spiegel, Lynne WesterhofBusiness Law, Corporate Law, Tax and Estate Planning, Non-Profit and Charities

When an individual leaves a gift in their will to a charity that does not exist at the time of their death, the executor will often be...

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Wednesday, December 20, 2023Zev ZlotnickBusiness Law, Corporate LawMortgage, Ontario Mortgages Act, Power of Sale

In the realm of mortgage enforcement, lenders who are faced with a borrower’s default have an array of remedies at their...

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Friday, December 8, 2023Clifford S. Goldfarb, Heather Keachie, Lynne WesterhofBusiness Law, Corporate Law, Non-Profit and CharitiesBill 139, Social Clubs

Ontario’s latest piece of red tape reduction legislation has received royal assent, with amendments intended to reduce...

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Wednesday, November 29, 2023Ian SpiegelCorporate Law, Business Law, Tax and Estate Planning

On October 31, 2023, the Canada Revenue Agency (“CRA”) announced that owners affected by the Underused Housing Tax...

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Monday, November 13, 2023Ian Spiegel, Lynne WesterhofCorporate Law, Business Law, Tax and Estate PlanningNot-for-Profit/Charities

After months of uncertainty for the charitable sector, the Canada Revenue Agency has confirmed that registered charities will not need to file a...

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