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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...
What are the different types of real estate investments available?
There are many different types of real estate investments available in Canada, each with its own unique set of risks and rewards. Here is an overview of some of the most common types of real estate investments: Residential real estate: Residential real estate is the...
What should I do if I have multiple offers on my home?
If you have multiple offers on your home, you are in a good position. This means that your home is in demand and that you are likely to get a good price for it. However, having multiple offers can also be overwhelming. Here are a few tips on what to do if you have...
How long does it typically take to sell a home?
The amount of time it takes to sell a home can vary depending on several factors, such as the location of the home, the condition of the home, and the current market conditions. However, according to the Canadian Real Estate Association, the average time it takes to...
What are the closing costs associated with selling a home?
Closing costs are the fees that are paid to finalize the sale of a home. These costs are typically paid by the seller and can vary depending on several factors, such as the price of the home, the location of the home, and the type of financing used. Here are some of...
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