| BUSINESS RATES* | |
|---|---|
| Ontario Corporation | inclusive fee of $1,500.00 plus HST inclusive of disbursement OR $1,300.00 plus HST plus disbursements includes: drafting of customized articles, filing, Minute Book with bylaws, subscriptions, shares, Corporate Records, filing of all forms and meeting with clients |
| Federal Corporation | inclusive fee of $1,750.00 (Fee, disbursements and HST included) includes: drafting of customized articles, filing, Minute Book with bylaws, subscriptions, shares, Corporate Records, filing of all forms (provincial and federal) and meeting with clients |
| Professional Corporation* | inclusive fee of $1,750.00 (Fee, disbursements and HST included) includes: drafting of customized articles, filing, Minute Book with bylaws, subscriptions, shares, Corporate Records, filing of all forms (provincial and federal) and meeting with clients. The above is subject to further applications and fees to licencing bodies |
| Professional Corporation’s Application for Certificate of Authorization* | $250.00, plus disbursements, application fee, all subject to HST |
| Basic Shareholders’ (Basic Partnership Agreement)* | $1500.00-$2,000.00 plus HST plus disbursements. Comprehensive Agreements to be determined |
| Asset Business Purchase or Sale (Basic)* | $1,500 - $2,500.00 plus HST for preparation of agreement $7,500.00 - $12,500.00 plus HST plus disbursements for closing of transaction. Comprehensive Asset transactions to be determined |
| Alcohol Gaming Commission of Ontario* | Application for Transfer of Liquor Licence $1,500.00 , plus disbursements, application fee, all subject to HST |
| Commercial Lease* - (Review or Drafting on behalf of Landlord or Tenant) | $750.00 - $2,500.00 plus disbursements and subject to HST |
| Business Name Registration | $300.00 plus HST plus disbursements |
| General Security Agreement* | $950.00 plus HST for registration of GSA $2500.00 - $4500.00 for drafting / finalizing GS Agreement |
| Creation of Corporate Minute Book* | $550.00 plus disbursements and subject to HST (subject to further fees if restructuring is required) included in incorporation cost - if existing corp $850 plus HST plus disbursements |
| Annual Resolutions | (less than 5 years - annually) $200.00, and annual Dividends (if applicable) $125.00 plus disbursements and subject to HST. Special Resolutions $175.00 |
| Updating of Corporate Minute Book | (more than 5 years) $850.00 plus HST plus disbursements |
| Dissolutions Of Corporations | $1250.00 plus HST plus disbursements |
| No Liability Letter | $200.00 plus disbursements and subject to HST |
| Section 85 Rollover | $750.00 plus disbursements and subject to HST. Subject to special instructions from client and chartered accountant |
| *All fees are subject to change depending on the matter and client instructions | |
| LITIGATION | |
|---|---|
| Simple Demand Letter (collection) | contact lawyer |
| Wrongful Dismissal | contact lawyer |
| Personal Injury | contact lawyer |
| All contested litigation | contact lawyer |
| Appeals | contact lawyer |
| ESTATES | |
|---|---|
| Standard wills and Powers of Attorney ( applicable to 70-80% of our clients ) | $960 + HST for a single person $750 + HST per person for a couple |
| Estate Matters | contact lawyer |
| FAMILY | |
| Uncontested Divorce (includes legal fees and disbursements) | $2,400 plus HST |
| Contested family law & divorce | contact lawyer |
Real Estate Service Package and Pricing
REAL ESTATE CLOSING COSTS The closing costs in a standard Real Estate Purchase transaction with no complications are based on the following four items:
1. LEGAL FEE + HST
For all legal fees on a purchase, sale or mortgage/refinance, please contact our lawyers for information.
2. LAND TRANSFER TAX OWING TO THE GOVERNMENT LESS ANY REBATES
| Many purchasers are unaware of their obligation to pay Land Transfer Tax to the Province of Ontario on registration of their Deed. The rate of tax is based on the purchase price and is on a sliding scale. Double Land Transfer tax is charged in Toronto since a Municipal Land Transfer tax is charged to the purchaser. Any first-time home buyer in any jurisdiction, provided they have never owned property before or been married to someone who has owned property before, are entitled to a Land Transfer rebate of up to $4000.00. Our team of lawyers will calculate Land Transfer tax owing before your closing so you can plan ahead. Example: |
|
|---|---|
| Purchase Price of Home | Land Transfer Tax |
| $150,000 | $1,225 |
| $260,000 | $2,375 |
| $500,000 | $6,475 |
3. TITLE INSURANCE
Almost all lenders and lawyers mandate purchase of title insurance policies as a condition of acting or lending on a mortgage. It avoids costly searches and protects against unregistered liens or easements, unpaid tax arrears and protects against title defects. Title insurance insures you, as a purchaser for losses associated with title fraud, survey and title issues/defects and challenges against ownership of a property. Title insurance does not just cover things that may happen in the future but title defects that have already occurred in the past, prior to purchasing your home. A low one-time premium is arranged through your real estate lawyers and ranges on purchase price. Please contact our lawyers for information.
4. DISBURSEMENTS
In addition to legal fees, all purchases, sales and mortgage transactions incur disbursements. Such include and are not limited to include searches, registration costs, conveyancer costs, cheque certification fees, execution searches, law society levies, status certificate costs, tax certificate fees, photocopies, faxes and couriers. Each file is different and your lawyer can be contacted for more information.
REAL ESTATE SERVICE PACKAGE AND PRICING At Dale Streiman Law LLP, we strive to provide the best possible service at an affordable price. Please contact your lawyer for more information.
| The following services are included: | |||
|---|---|---|---|
| Purchase | Sale | Mortgage | |
| We meet with you and provide you with a written estimate of the total amount required to complete the transaction. | * | * | * |
| Review of Agreement and point out any issues of concern | * | * | * |
| Written amendments to the agreement as may be necessary. | Please contact lawyer | ||
| Review of documents relating to the condominium unit and provide a written report of the issues arising from our review. Review of Status Certificate relating to the condominium unit and provide a written report of the issues arising from our review. | Please contact lawyer | ||
| Minor delays: we will re-schedule the closing on one occasion should same be necessary. | Please contact lawyer | ||
| Pre-Closing issues: We will address any issues of concern to you or as may be required prior to closing. | Please contact lawyer | ||
| Post-Closing issues: We will address any issues of concern to you or as may be required after closing. | Please contact lawyer | ||
| Executions i.e. Similar Name (declarations Letter inquiries): If your name is similar to someone who has a judgment against them, we will take the necessary steps to verify the identity of similarly named person. | Please contact lawyer | ||
| Demand Letter: Should there be a breach of the agreement of purchase and sale, we will prepare a letter requiring compliance with the agreement. | Please contact lawyer | ||
| Draft Claim: We will prepare a draft statement of claim should there be a breach of the agreement of purchase and sale which remains unresolved. | Please contact lawyer | ||
| Mortgage Payout: We will pay the funds to your bank or financial institution on closing to discharge same out of the closing proceeds. | Please contact lawyer | ||
| Other Payouts (3 or less): We will pay off debts as may be required by you or your bank on closing. | Please contact lawyer | ||
| Evening Appointments: We offer appointments as late as 6:30 p.m. to accommodate your busy schedule. | Please contact lawyer | ||
| Power of Attorney for Property: We will prepare a power of attorney for property for you on closing. | Please contact lawyer | ||
| Direct Deposit: We will deposit the mortgage or net sale proceeds into an account as you may direct on closing rather than providing you with a cheque. | Please contact lawyer | ||
