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WHAT HAPPENS WHEN AN RESP SUBSCRIBER DIES?
December 15th, 2015 by Gemma Brown
With our rising education costs, Registered Education Savings Plans (“RESP’s”) are becoming a popular way to save for a child or grandchild’s education. What happens however when the RESP subscriber, being the person who set up the RESP, dies? Many think that RESP’s are treated the same as RRSP’s, but that is not true. They are not a trust, but rather a contractual arrangement. On… Read More »
Registration of Business Names
December 11th, 2015 by Robert Smith
Selecting the appropriate business name is sometimes the most difficult task faced by the prospective entrepreneur. Your name will be your identity and the way others see you. The registration of a business name is on the public record at the Companies Office of Manitoba and a search of any registered business name will reveal the location of the business and the owners of it.… Read More »
RRSP Home Buyers Plan
October 22nd, 2015 by Robert Smith
When two or more eligible individuals jointly purchase a home, the credit may be shared but the total credit amount claimed cannot exceed $5,000. In addition to the HBTC, first time home buyers are also eligible for the Home Buyer’s Plan (“HBP”). This is a program that allows you to withdraw up to $25,000 in a calendar year from your registered retirement savings plans (RRSP) to buy… Read More »
Health Care Directives
September 16th, 2015 by Robert Smith
Elsewhere, this website has featured articles on Wills and Powers of Attorney. A Will is a written document which sets out the method of distribution of the assets of the deceased. A Power of Attorney is a written document wherein the individual, called the donor, appoints an attorney or attorneys to carry on the donor’s day to day affairs during the lifetime of the donor… Read More »
Selling a Home: Legal Costs
July 23rd, 2014 by SNJ
Fees 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… Read More »
Selling a Home: Transferring Clear Title
July 23rd, 2014 by SNJ
It will be a requirement of most Offers to Purchase that the seller transfers to the buyer title to the land, clear of all registered encumbrances, mortgages, liens, etc., with a few exceptions. As a result, your lawyer will conduct a search of the title upon opening their file to determine which registrations will remain on title and which must be discharged as a requirement… Read More »
