Marty's Musings | Law Firm of Martin K.I. Rumack

Be Careful if Buying Real Estate From a Non- Resident!

April 15, 2019
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If you are purchasing a property from an owner who is not a Canadian resident, you must be careful and take certain steps in order that you do not become responsible for the Seller’s taxes owing to the Canada Revenue Agency (CRA).

A non-resident seller is […]

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The Importance of Obtaining a Status / Estoppel Certificate

April 11, 2019
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If you are considering purchasing a condominium, co-ownership, or a co-operative housing unit, an essential part of the process involves obtaining and reviewing a Status Certificate (formerly known as an Estoppel Certificate). I get a lot of questions about Status Certificates, and some of the more […]

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Do You Need a Real Estate Agent? Hire a Professional

April 10, 2019
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For people who want to buy or sell a property, there are many options available. At one end of the spectrum, sellers can privately list, advertise, market, and sell their own properties; conversely buyers can conduct their own research, arrange for various inspections, and negotiate on their own […]

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Estate Planning – A Follow Up

April 9, 2019
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In last year’s newsletter, I wrote an article about the ways to minimize the value of your assets as part of your Estate Plan, to decrease the amount of probate fees and income tax paid by your estate upon death. The article also pointed out some estate […]

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