Can a Purchaser Lose Their Deposit If They Fail to Close Their Real Estate Transaction? When Do They Have A Right to Get it back?

It is common practice for a seller to secure a deposit from the purchaser upon the acceptance of the purchaser’s offer. This deposit protects the seller against transactions that fall through due to a purchaser’s failure to close. If a purchaser cannot close on the closing day, the deposit is usually forfeited to the sellers. In addition, the sellers can sue for damages for any losses, such as carrying costs of the home.
However, purchasers can ask the court for relief from forfeiture. …

What is Considered a Matrimonial Home?

As established by section 18 of the Ontario Family Law Act, a matrimonial home is defined as “every property in which a person has an interest and that is or, if the spouses have separated, was at the time of separation ordinarily occupied by the person and his or her spouse as their family residence is their matrimonial home. Only married parties have a matrimonial home.
Parties who live together and are not married do not have a “matrimonial home”, …

How Long Do Your Accident Benefits Last?

Income replacement Benefits (Same for Catastrophic, Non-Catastrophic, Minor Injury Claims)
Applicants for income replacement benefits must have severe injuries that prevent them from working or working in the same way they did before their injury. In order to become eligible for these benefits the injured person must meet one or more of the following qualifications:
1. Employed at the time of the accident (including self-employment);
2. Worked for 26 or more weeks out of the 52 weeks preceding the accident; …

What Do You Do When Your Disability Claim Is Denied?

Long-Term Disability
If your long-term disability claim is denied by your insurance company, you have the right to appeal this decision. Your appeal is an internal process within the insurance company. Although appealing the insurance company’s decision may seem like the easiest option, appeals often fail due to vague and inconclusive medical information. Without providing a substantial amount of new medical evidence, the original decision will most likely be maintained. The appeal process can also be quite lengthy, …

What are some of the Exceptions to the Ontario Land Transfer Tax?

SHORT ANSWER
Transfers of land between affiliated corporations, No consideration is given, certain transfers between the spouses, Certain easements granted to oil or gas pipe lines, Certain conveyances of family farms or family business corporations, Other exemptions include disposition of land by an employee to employer, certain life lease interests, Hospital restructuring, Charity Reorganizations, certain transfers under the municipal water and sewage transfer act and certain acquisitions under the Toronto Islands Residential Community Stewarship Act, …

Have you suffered from a Dog bite?

What are your rights and defences when attacked by an animal?
1)      What are the defences available to the dog owner?
2)      What are the range of damages available for general damages?
Short Answer:
Where someone is bitten by an animal, there is strict liability against the owner. Damages are awarded based on severity of the injury. Any damages can be reduced by the contributory negligence of the person claiming against the animal.
Summary of the Law
Dog Owners’ …

What are the exceptions to the capital gains tax rule?

WHAT ARE THE EXCEPTIONS TO THE CAPITAL GAINS TAX RULE?
Short Answer
Disposition of Principle Residence, Transfers of property to your spouse or common-law partner or to a trust for your spouse or common law partner, any capital gain resulting from the donation of an ecologically sensitive land and selling or donating certified Canadian cultural property (national treasures) to an institution or public authority.
SUMMARY OF THE LAW
Principle Residence Exemption
The main exemption is the principle residence exemption. …

Visas for NAFTA Professionals: the TN Professional Visa for the U.S.

In 1994, the nations of the USA, Canada, and Mexico implemented an agreement called the North America Free Trade Agreement, or NAFTA for short. This created one of the world’s largest free trade zones, and paved the way for strong economic growth and prosperity for all three nations. In order to facilitate the movement of qualified professionals within the territory of the free trade zone, a TN professional visa was created for immigration to the USA. …

The E-2 Treaty Visa in the USA

Visa options exist for those individuals who wish to immigrate to the United States for business reasons. It is an accepted fact that highly skilled and knowledgeable people contribute to a nation’s economy, and those with substantial capital for business reasons also help immensely. That’s why both Treaty Trader and Treaty Investor Visas exist for citizens of countries with treaties of commerce with the USA. Let’s focus on the E-2 or Treaty Investor visa in the USA, …

Manitoba Provincial Nominee Program for Investing Into a Business

Manitoba is Canada’s gateway to the West. Located in the geographic central region of the country, MB is one of the most stable, safe, and prosperous locations in Canada. Blessed with sweeping natural landscapes, plentiful natural resources, and a friendly disposition, this province with a population of just over 1 million people is an attractive destination for immigrants from around the world. While immigration is never easy, there are many programs that can help you. One of those is the Manitoba provincial nominee program for investing in a business. …