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Property Transfer from Parent to Child: A Comprehensive Guide for Canada

Transferring property from parent to child is a significant decision many Canadian families face as part of their estate planning. This process not only involves passing down valuable assets but also requires navigating complex tax implications, understanding legal requirements, and implementing strategic considerations to ensure the transfer aligns with the family’s financial goals. This detailed...

Navigating the Waters of Ontario’s Non-Resident Speculation Tax: An In-Depth Analysis for 2024

As Ontario grapples with the challenges of housing affordability and real estate market accessibility for its citizens, the Non-Resident Speculation Tax (NRST) emerges as a pivotal tool in the provincial government’s arsenal. Instituted initially in 2017 and adjusted to a heightened rate of 25% as of October 25, 2022, the NRST targets purchases of residential...

Why Do You Need an Expert Real Estate Lawyer for Your Property Transaction?

Securing Successful Real Estate Deals with Skilled Legal Representation The complexities of property transactions require the skilled hand of an experienced real estate lawyer. At Brykman Lefler Lawyers, we are often the key to preventing and resolving issues that arise during the transaction process. Our expertise extends beyond simple closings, dealing with intricate matters such as tenant...