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Mortgage Update by Paula Siemens | Invis

An overall Global Economic slowdown caused by tariffs, and overall political uncertainty has caused the bond market yields to fall. We may not see a recession in 2020 as originally thought, but there is tremendous volatility in play at present. In July, the jobless rate rose causing the Bank of Canada to come up with…

The Non-Resident Vendor

Carolynne R. Maguire, Notary Public In residential conveyancing, there are numerous circumstances under which funds must be retained in trust after the transaction is completed, but none more onerous than that contemplated by Section 116(5) of the Income Tax Act (the “Act”). Therein, a non-resident of Canada is obligated upon disposition of real Canadian property…

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