Information About PLZ Law Blog
- Different Types of Business Law
If you own a business, chances are that you will have to consult with a business lawyer a number of times during the length of your career. Having a good lawyer as part of your team of professionals is meant not only to help you when you are in “trouble” but it can also help to save you from costly … Read more »
- Creating an Estate Plan for 2021
The arrival of a New Year is the time that many of us like to make resolutions. And while that usually means thinking about things that we’d like to do or accomplish while we’re alive, it’s also a good time to think about the legacy that we’d like to leave behind. If you have never thought much abou … Read more »
- What is interim occupancy & what do I need to do?
When purchasing a new condo, there is a period of time between the day you take possession of your unit and when you take ownership. This is known as interim occupancy. Once your unit is ready and liveable and the Municipality or City grants the builder permission, you will be able to occupy or take … Read more »
- Benefits of Incorporation (PREC) for Realtors in Ontario
Thanks to the passing of Bill 145, Trust in Real Estate Services Act, 2020, realtors in Ontario may now incorporate and earn income through a Personal Real Estate Corporation (PREC). This allows realtors who choose to incorporate, to defer personal income tax and pay a corporate income tax rate, all … Read more »
- Personal Real Estate Corporations (PRECs) are here! What are they and how are they different from any other corporation?
Prior to October 1, 2001, professionals generally, could not incorporate their practices, but when this was changed, realtors, otherwise known as salespersons and brokers, were left out. And thus real estate services as a business, except as allowed by the laws that regulated brokerages, could not … Read more »