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Business Law
Frequently Asked Questions About Business Law: Business law is the body of law that governs commercial transactions and the relationships between businesses, individuals, and the government. It encompasses a wide range of topics, including contracts,...
Litigation
Frequently Asked Questions About Litigation: Litigation is the process of resolving a dispute through the court system. It is a formal process that is governed by rules of civil procedure. Litigation can be used to resolve a wide variety of disputes, including breach...
Business Law
FREQUENTLY ASKED QUESTIONS ABOUT BUSINESS LAW: Business law, also known as commercial law, encompasses the legal principles and regulations that govern the formation, operation, and management of businesses. It plays a crucial role in maintaining a fair...
Family Law
Frequently Asked Questions About Family Law: Family law in Canada is a complex and ever-evolving field of law. It covers a wide range of topics, including: Marriage and divorce Child custody and access Spousal and child support Property division Parentage...
Family Law
Frequently Asked Questions About Family Law: According to the Cornell's Law School Legal Information Institute:"Family law, also referred to as domestic relations in many states, is the broad body of law that covers marriage, divorce, child custody,...
Bankruptcy Law
Frequently Asked Questions About Bankruptcy: People tend to think of bankruptcy as a financial matter. Bankruptcy is more accurately described as a legal proceeding involving money. It is a legal resource intended to be used when a person or business has exhausted...
Estate Planning Law
Frequently asked questions about estate planning: An estate plan is a set of legal documents that spell out how you want all of your assets to be distributed after you die or in the event, you become incapacitated. An estate plan may include a living will, a durable...
Real Estate Law
Frequently Asked Questions About Real Estate Law Individuals enter into real estate transactions in many different ways. According to the National Association of Realtors, in 2021, 87% of buyers purchased their homes through a real estate agent or broker. These...
Board Governance
Frequently Asked Questions About Board Governance: Board governance law in Canada is a complex and evolving body of law that sets out the roles and responsibilities of boards of directors. It is based on the principle that boards of directors are...
What are the tax implications of owning and selling real estate?
When it comes to taxes, real estate ownership and sales can be complex. Here are some of the key tax implications to keep in mind: Income tax Rental income: If you own and rent out a property, the rental income you receive is considered taxable income. You can deduct...
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