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Stressed About the Mortgage Stress Test…

Stressed About the Mortgage Stress Test
Date: 11 Jun, 2021

By:  Rebecca Rosenberg Effective June 1, 2021, the federal government has implemented a higher bar for the mortgage “stress test”. The amended stress test will now be set at either the higher of 5.25 per cent or two full percentage points above the borrower’s current mortgage rate. While the new level is only half a […]

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Parents Beware!

Parents Beware
Date: 04 Jun, 2021

By: Amanda Dale A recently decided case by the Superior Court of Justice in Ontario makes clear that a child does not need to get along with his/her parent in order to receive child support. In the case of Nicholson v. Nicholson, 2021 ONSC 3588, the court decided that an 18-year-old child was entitled to […]

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PLAY FAIR OR PAY THE PRICE

PLAY FAIR OR PAY THE PRICE
Date: 20 May, 2021

Our firm takes great pride in the accomplishments of a former partner, now the Honourable Justice Mr. Marvin Kurz of the Ontario Superior Court of Justice. Marvin as he will be eternally known to us rendered a decision in the Dowdall case in November 2020. The fact situation was one in which the wife after […]

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EXECUTOR MUST ENSURE HOME INSURER KNOWS OF DEATH

dale
Date: 20 May, 2021

At the outset of every estate, we warn our client/executors to investigate the home insurance status of the property formerly occupied by the deceased. Sometimes the deceased will have been the last person living in the home and it is now vacant. It is crucial that the executors in writing advise the insurers of the […]

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TRUST TAX RETURN NOT NEEDED as part of The Full Monty

dale
Date: 14 May, 2021

A common strategy that our firm has been recommending to our clients, is one we call the “Full Monty” which is a comprehensive approach to adding the names of trusted children to the assets of elderly testators. In English, if one is closer to the end of their life, a facet of estate planning may […]

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NEW RULES WITH RESPECT TO SMALL ESTATES

NEW RULES WITH RESPECT TO SMALL ESTATES
Date: 13 May, 2021

Effective February 12, 2021, the laws with respect to “small” estates have changed dramatically. The law is so new that while it is effective February 12, 2021, it has only recently been enacted. This is part of the Accelerating Access to Justice Act. This is done by amendments to the Rules of Civil Procedure, specifically […]

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REVOLUTIONARY CHANGES IN THE LAWS REGARDING WILLS IN ONTARIO

law
Date: 06 May, 2021

As we had touched on in an earlier blog, one of the ramifications of COVID-19 has been to trigger changes to the way courts and laws are applied throughout the Province.  One of the areas that are being updated under the Accelerating Access to Justice Act is the laws with respect to Wills.  The changes […]

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Upcoming Changes to the Divorce Act Regarding Custody and Access

Date: 19 Mar, 2021

On March 1, 2021, significant changes to the Divorce Act are finally coming into force after the government deferred the coming into force date. One of the main goals of these legislative changes relates to the best interests of children and promoting the same.  The best interests of the child is the only consideration for […]

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