When a secured lender “credit bids” and takes title to collateral through a CCAA vesting order, two tax questions matter immediately: The short answer In the Balboa CCAA, for example, the court approved credit-bid vesting orders on multiple properties — the archetypal fact pattern for this tax treatment. Why the ACB is the credit-bid amount […]
Running a corporation in Ontario comes with important obligations under the Ontario Business Corporations Act (OBCA). While most business owners focus on sales, contracts, and operations, the governance structure — directors and officers — is what allows a company to legally function. But what happens if a director resigns, leaving the corporation without leadership? And […]
When reviewing a mortgage or charge registered on title in Ontario, one of the most important terms is the maturity date—the date on which the full principal becomes due. But what happens if the lender’s charge does not set out a maturity date? Can the lender still enforce the mortgage if the borrower defaults? At […]
It’s a common scenario: a newly married couple is purchasing their first home together. The wife has never owned a home, but the husband already owns a rental property. They wonder: Can she still claim the Ontario Land Transfer Tax (LTT) refund for first-time homebuyers if they put 99% of the home in her name? […]
When a loved one passes away owning property in Ontario, but their Will is probated in a U.S. state such as Florida, you might assume that the U.S. probate documents will be enough to handle the sale or transfer of the Ontario property. Unfortunately, that’s not the case. Ontario law requires a separate Ontario court […]
This is an overview of warranty coverage after closing for Freehold, Contract and Condo Units A note for Common Elements coverage For most condominiums, the common elements have the below warranty coverage.The condominium corporation is entitled to submit warranty claims for defects in work or materials in the common elements. There is no warranty coverage […]
When real estate is held in trust, there may come a time when the trustee needs to be changed—due to resignation, incapacity, death, or a planned transition. In Ontario, transferring real property from one trustee to another involves specific legal procedures to ensure title remains properly held in trust and the Land Titles records stay […]
At Rabideau Law, we regularly receive questions from seniors and their families about the tax treatment of life leases in Ontario. One common question is:“If I’m a senior living in a life lease, can I claim the property taxes I pay?” The short answer:✅ Yes — but not as a deduction on your tax return.Instead, […]
The Early Signs: Late or Skipped Payments Missing a mortgage payment doesn’t automatically trigger enforcement, but it does start a chain of potential consequences: Impact on Credit: The first missed payment can drop a borrower’s credit score by 80–100 points. These notations (e.g., M2 or R2) remain on a borrower’s credit report for six years. […]
Private equity investors and fund managers alike are increasingly turning to Mutual Fund Trusts (MFTs) as part of their investment structuring strategy — and for good reason. These trusts offer a unique blend of flexibility, tax efficiency, and investor appeal, making them an ideal tool to pool capital while minimizing tax drag. What Is a […]