There are multiple scenarios whereby fraudsters will attempt to have you wire funds to a different account than the one that you had intended to fund. Unfortunately, some of those attempts are successful. LAWPRO has received such claims and heard of many others. Here are some tips to assist you if such a fraud happens… Read More »
Categories: Fraud Prevention
Several regions in Ontario have introduced or are contemplating the introduction of a vacant home/unit tax (VHT). The failure to file a declaration of occupancy status (“VHT declaration”) has led to complications for both sellers and buyers. If homeowners fail to submit the VHT declaration by the stipulated deadline, the property is presumed vacant. This… Read More »
Categories: Real Estate
Your trust account is not a bank account, and you are not a banker. LAWPRO has seen instances where lawyers appear to be using their trust accounts to flow money in and out without doing any legal work. What Your Trust Account Is Not A backdoor bank account: Your trust account is not a workaround… Read More »
Categories: Law Practice Management
Article highlights: 1.For funds to be truly irrevocable, you need a PCRN. Anything else is a risk. 2.“On-Us” funds (e.g. when the payee and the payor are at different branches of the same financial institution) are safe and you can proceed. 3. Just because a bank releases your funds – even after a hold period… Read More »
Categories: Fraud Prevention
As per the Notice to the Profession, dated February 20, 2024, the May and November 2024 civil trial sittings have been eliminated. The sittings in 2025 will also be eliminated. In their place, Central East region will run a Civil Blitz starting September 9, 2024, which will run for 5 weeks. Another Civil Blitz will… Read More »
Categories: Civil Litigation
Today, February 28, 2024, the Ministry of the Attorney General of Ontario has informed the public and the profession that administrative dismissals of Superior Court civil actions that have not been set down for trial within 5 years, or have been struck off a trial list and have not been restored within 2 years of… Read More »
Categories: Civil Litigation
[Updated March 28, 2024] This year’s tax filing season may be looking different for some people and corporate entities due to new trust reporting rules. These changes, while presenting challenges, also offer legal professionals an opportunity to educate their clients. Overview Previously, trusts were only required to file a T3 Trust Income Tax and Information… Read More »
Categories: Wills & Estates, Real Estate, Family Law, Corporate Law
The federal government has announced that it is extending the non-Canadian purchase prohibition for another two years to January 1, 2027. See more details here.
Categories: Real Estate
You may have already set this year’s New Year’s resolutions, but it’s never too late to amend, add, or rethink what your aspirations for the upcoming months are. Setting resolutions is a good way to set targets and goals, but experts say the resolutions need to be realistic – attainable and achievable. The list of… Read More »
Categories: UncategorizedLand Acknowledgement
The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.
