简体版 | 繁體版 By: Winnie J Luk and Trudie Tong NRST rebates for foreign/international students are now available, see our NRST rebate program for more information. Overview The complete NRST update may be found at the Ministry of Finance. The following is a summary: The Non-Resident-Speculation-Tax (NRST) is a 15
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翻譯： 陳彥萱 Landmark Law is presents wills and estate planning seminars at companies and in non-profit settings. We are pleased to share the following slides with English and Chinese translation. If you would like us to present a workshop at your organization or require assistance with your Ontario will or
Read moreEnglish Version | 简体版 作者：陸韻玲律師 翻譯：陳彥萱 ‘Henson'信託下的受託人可以為ODSP受益人作出以下供款，而不影響受益人領取ODSP津貼的資格： * 購買主要居所 * 購買供休養用途的次要居所 * 購買主要車輛 * 購買供受養人工作使用的次要車輛(上限$15000) * 購買獲認可的殘疾人士輔助工具 * 賠償受益人的社交及情誼損失（上限$100,000) * 提供商業資產(上限$20000) 及購買有關謀生工具 * 借貸給受益人用於認可的商業，教育，或訓練用途 * 預繳喪禮費用 * 提供每年上限$5000供個人生活費用（如購買電視機，衣服，食物，娛樂等額外支出） Landmark Law Professional Corporation 能夠協助您的遺囑及遺產規劃事宜。請即致電 647 797 8LAW (8529) 或電郵 winnie@landmarklaw.ca
Read moreEnglish Version | 简体版 作者：陸韻玲律師 翻譯：陳彥萱 如果你有親人正在領取安大略省殘障支援計畫（ODSP）下的津貼，你應該考慮為他們設立一個 ‘Henson’ 信託。 'Henson‘ 信託是一種專為ODSP受益人而設的工具，在保障你親人領取ODSP津貼的資格同時，你能夠透過信託把個人資產 (通常為遺產) 轉讓給受益人。 若果你不使用Henson信託而直接轉讓資產（或遺產）給收益人，他的個人資產淨值很可能會超越領取ODSP的法定資產上限，從而失去資格領取津貼。 安省最高法院已經確認ODSP受益人在Henson信託下擁有的資產是不會被計算入個人資產上限，所以有關部門不能以信託擁有資產為由終止受益人的OSDP津貼。 一般而言，’Henson‘信託的受託人會擁有絕對酌情權去衡量受益人在信託下應得的資助。你委任的受託人必須熟悉信託法律及有關的最新發展，從而保障受益人在享受‘Henson’信託保障下，亦不會失去OSDP津貼。常見的受託人包括專業信託公司，執業律師，及其他專業顧問。 Landmark Law Professional Corpora
Read more简体 | 繁體 By Winnie Luk Congratulations on the purchase of your home! The following are typical closing documents that the Purchaser must sign in a resale house purchase transaction explained in plain language. The terms Purchaser and Borrower are used interchangeably. Acknowledgement and Direction (Transfer) In this document, the Purchaser
Read more简体版 | 繁體版 By Winnie J Luk If you have loved ones with special needs who are receiving support from the Ontario Disability Support Program (ODSP), you should consider creating a Henson Trust for them. A Henson Trust is a type of trust designed to benefit people receiving ODSP payments. It
Read more简体版 | 繁體版 By: Winnie Luk The following are some payments that may be made by the trustee on behalf of the beneficiary without affecting his or her entitlement to Ontario Disability Support Program (ODSP): * Principal residence * Secondary property approved for health/wellbeing * Primary car * Second car up to $15,000
Read moreBy Winnie J Luk Under s. 61(1) of the Ontario’s Trustee Act, Executors and trustees are entitled to be compensated for their work in the administration of estates. The Act contains no specific rules as to the calculation and amount of the compensation. However, the courts generally applies
Read moreWinnie J Luk will be presenting an introductory seminar on the basics of Wills & Estate Planning sponsored by Investment Advisors, Yan Mok and Mindy Mok. To learn more about this important topic, please reserve your spot today by RSVP'ing to Karen Yan at karen.yan@nbpcd.com.
Read moreA key question when deciding to purchase or sell a business is whether to structure the transaction as an asset purchase or share purchase.
Read more简体 | 繁體 When potential sellers and buyers are contemplating entering into a business sale and purchase transaction, initial considerations may involve key terms such as the purchase price, payment terms and deal structure as an asset or share purchase, etc. When discussions and negotiations become serious, such key terms may
Read more简体 | 繁體 Have you ever purchased a used car? Did you wonder whether the car is a lemon even though it passed the test drive? Similarly, when purchasing someone else’s business, there is asymmetric information. You would be concerned about unknown factors regarding the condition of the business and
Read moreBy Winnie J Luk Refinancing Please note that this article deals with a mortgage on residential property to secure a small business loan. In cases where the lending institution finds that the business has sufficient collateral, the lending institution might take a security interest in the business assets rather than
Read more简体 | 繁體 By Winnie J Luk Mortgage When obtaining a mortgage to finance the purchase of your home, your lawyer must: gather from you supporting materials, arrange for you to sign documents, and confirm the all materials are in order before the loan may be released,all before closing on
Read more简体 | 繁體 If land is transferred between parties, there may be an exemption from Land Transfer Taxes (“LTT”) in the following situations: the land is transferred without consideration and free from any mortgages (ie a gift) the land is transferred without consideration (but contains a mortgage on it) to a
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