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Blogs

Share Purchase of a Business – Critical Issues Every Purchaser Must Consider

Considering purchasing a business by way of shares and unsure of where to start? This article will outline some of the main issues to consider when deciding to proceed with such a transaction. Purchasing the shares of a business is when a purchaser opts to buy all the voting shares of the corporation(s) that own(s) […]

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HST on Vacant Land in Ontario: What Buyers and Sellers Need to Know

The rules surrounding vacant land in Ontario can be complex. Various factors determine whether HST on vacant land purchases applies, especially when buying, selling, or subdividing land for sale in Ontario. Understanding Ontario land transfer tax, HST implications, and exemptions can help buyers and sellers avoid unexpected costs. When is HST Applicable to Vacant Land? […]

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Material Misrepresentation of Property: MLS Listings and Agreements of Purchase and Sale

Whether a buyer can terminate an Agreement of Purchase and Sale due to a difference in property dimensions in the MLS listing and its actual size depends on how material the misrepresentation is. This is demonstrated in two recent cases Lamba v. Mitchell, 2021 ONSC 1612 (CanLII) and Issa v. Wilson, 2020 ONCA 756. Lamba […]

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Domestic Contracts (Cohabitation Agreements/Marriage Contracts) and What to Consider

Congratulations! You have survived spending months of COVID-19 lockdowns with your significant other and still love each other! Perhaps you have now both decided that you are ready to move in together permanently. While the thought of a possible separation in the future is not at the forefront of your mind when you are in […]

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The Buyers Guide to New Construction Homes

The purchase of a new construction home or condominium can differ from a property that is a resale. This is due to the fact that you are purchasing directly from the builder. The residential sector for the development industry is strong in Ontario. With the growing population and more residents moving outside the city, more […]

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The Know On Shareholder Agreements

What is a Shareholder? A party becomes a shareholder in a corporation when shares are issued to them from the corporation in exchange for money paid, property transferred, or past services rendered to the corporation. Shares can also be acquired through purchasing existing shares from another shareholder, as long as this complies with applicable securities […]

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