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Family Businesses and Employment Insurance
December 11th, 2014 by Grant M. Driedger
If you are a part of a family run business, there are two things you should know about the Employment Insurance premiums you have been paying for years: If a family member is laid off, EI may not honour their application for benefits; and You might be able to claim back thousands of dollars in premiums that have been paid. Many people are unaware that… Read More »
Should I Incorporate My Business?
October 6th, 2014 by John E. Neufeld
Anyone in business must decide what the appropriate form of business organization is for them. Sometimes this is one of the most important business decisions to be made. The consequences of a wrong decision can be catastrophic. Great care ought to be taken and the best advice available should be sought. There are many forms in which a business may be carried on. The SOLE… Read More »
Selling a Home: Disbursements
July 23rd, 2014
In addition to the fees, most law offices will also require reimbursement of their out-of-pocket expenses incurred in the completion of the sale of your home. These out-of-pocket expenses include such items as courier charges, land titles searches, photocopying, fax charges, long-distance charges, etc. These costs incurred by a seller are usually much less than the costs incurred by a buyer and are often less… Read More »
Selling a Home: Fees
July 23rd, 2014
Lawyers fees with respect to the sale of a typical home are usually less than half a percent of the sale price, and sometimes less than a quarter of a percent of the sale price. At Smith Neufeld Jodoin LLP, our lawyers typically adhere to general policies regarding fees which are based upon the sale price of the property and upon the complexity of the… Read More »
Selling a Home: GST
July 23rd, 2014
The issue of GST, as it applies to the sale of a home is a complex issue which should be discussed with your lawyer at an early stage to determine whether it must be charged and collected from the buyer of your home. It is the responsibility of a seller to determine whether a particular transaction should have GST applied to it. The GST applies… Read More »
Selling a Home: Interest
July 23rd, 2014
When you sell a home, a typical offer to purchase provides that the purchaser is entitled to pay for part of the purchase price through proceeds of a new mortgage, and if so, payment of the sale proceeds to you may be delayed by the time required to register the purchaser’s transfer of land and a new mortgage at the land titles office. In that… Read More »
