In Canada, you do not have to pay capital gains tax on any increase in the value of your principal residence for each year you have properly designated the home as such. This is second...
August 19 , 2018 / Posted by Scott LemkeWe don’t usually associate paying HST with purchasing a home or condo that we intend to live in. However, when purchasing a pre-construction unit as an investment, its important to understand the HST implications before...
August 19 , 2018 / Posted by Scott LemkeDeposits are generally a necessary part of real estate transactions. Once the purchaser and the vendor agree to terms in an Agreement of Purchase and Sale, the purchaser is then usually required to deliver a...
August 16 , 2018 / Posted by Scott LemkeLately, there’s been a lot of discussion in the media and real estate circles that “as of January 1, 2018, it’s going to become more difficult to get a mortgage.” Maybe your real estate agent...
November 21 , 2017 / Posted by Scott LemkeThere are various closing costs associated with purchasing a home in Toronto. Below is a brief summary of the most common expenses, their approximate cost, and how they are paid. Land Transfer Tax. Generally, the most...
August 23 , 2017 / Posted by Scott LemkePassing away without a will can leave your loved ones with unforeseen complications and, in some cases, disappointment. No matter what stage of your life, planning for your death is not just to provide you...
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Civis Law LLP and Lemke Law PC have united as Massey LLP. Our services have expanded but our commitment to be fair, friendly, and plainspoken remains the same.