by Martin Rumack | Oct 12, 2017 | Featured
As a real estate lawyer, I often receive inquiries about the eligibility requirements for the RRSP Home Buyer’s Plan (HBP). For regular RRSPs, the basic rule is simple: If you make a withdrawal from your RRSP, those funds are included in your income for the year that...
by Martin Rumack | Sep 8, 2017 | Legal Issues
Under Canadian corporate law, a corporation’s day-to-day activities and decisions are achieved through a board of directors, comprised of individuals who are appointed as directors. If the corporation gets sued or otherwise becomes liable to third parties, the...
by Martin Rumack | Jan 6, 2017 | Featured, Legal Issues
An Ontario case, Rimmer v. Building Insights Inc., may give some comfort to potential buyers – but it probably keeps home inspectors awake at night. It features a home inspector who was ordered to pay almost $19,000 to a buyer who hired him, all because he reported on...
by Martin Rumack | Nov 29, 2016 | Featured, News
The federal government recently announced a significant change concerning guidelines for borrowers of high-ratio mortgages – a borrower who has a deposit of less than 20 per cent of the purchase price of a home. Borrowers requiring mortgage default insurance must now...
by Martin Rumack | Oct 14, 2016 | Featured, Legal Issues
Effective Sept. 6, the Ontario government implemented changes to the Residential Tenancies Act 2006, which impacts both landlords and tenants in an important – and perhaps surprising – way. What has changed? The Sexual Violence and Harassment Action Plan Act, 2016,...
