It is estimated that, over the next several years, assuming present life expectancies and relative economic calm, (notice I said “relative”) the Canadian Baby Boomers will inherit over 1 trillion dollars. And, by extension, the much smaller millennial generation will inherit even more. Particularly in larger estates, corporations and trusts are often used to avoid or defer various types of tax, and to organize more clearly the intentions of the testator.

In general terms, Ontario law recognizes three types of legal entities: the individual(you and me), the corporation (public or private, profit or non-profit) and the Trust. Again, in very general terms, Ontario Law recognizes two types of Trusts: Inter Vivos ( established during the lifetime of the person creating the trust) and Testamentary ( contained within the will of the person creating the trust and effective only upon their death). The person who creates the trust is called the Settlor; the person for whom the trust is created is called the Beneficiary; the person who manages the trust is called the Trustee.

Original Article Source Credits: Government of canada, https://www.canada.ca

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Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/financial-planning/financial-planning-4/2.html

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Link to Original Article: https://www.cmhc-schl.gc.ca/en/professionals/industry-innovation-and-leadership/industry-expertise/resources-for-mortgage-professionals/your-home-value

Original Article Source Credits:   HGTV , https://www.hgtv.ca/

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Original Article Posted on:  April 18, 2021

Link to Original Article:  https://www.hgtv.ca/real-estate/photos/things-to-know-before-buying-a-cottage-1918538/

Original Article Source Credits:   The Star , https://www.thestar.com/

Article Written By:   Joe Richer

Original Article Posted on:  June 4, 2021

Link to Original Article:  https://www.thestar.com/life/homes/2021/06/04/ensure-the-deposit-you-make-when-your-home-purchase-offer-is-accepted-will-be-protected.html

Original Article Source Credits:     Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

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Link to Original Article:  https://www.cmhc-schl.gc.ca/en/professionals/industry-innovation-and-leadership/industry-expertise/resources-for-mortgage-professionals/now-that-youre-homeowner

Original Article Source Credits:   Government Of Canada , https://www.canada.ca/

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Original Article Posted on:  2017-04-28

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/financial-planning/financial-planning-4/5.html

Original Article Source Credits:   Canada Mortgage and Housing Corporation  , https://www.cmhc-schl.gc.ca/

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Link to Original Article:  https://www.cmhc-schl.gc.ca/en/professionals/industry-innovation-and-leadership/industry-expertise/resources-for-mortgage-professionals/making-offer-purchase-a-home

Original Article Source Credits:   The Star , https://www.thestar.com/

Article Written By:   Joe Richer

Original Article Posted on:  April 17, 2021

Link to Original Article:  https://www.thestar.com/life/homes/2021/04/17/know-the-ins-and-outs-of-a-buyer-representation-agreement.html?rf

Original Article Source Credits:    Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

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Link to Original Article:  https://www.cmhc-schl.gc.ca/en/professionals/industry-innovation-and-leadership/industry-expertise/resources-for-mortgage-professionals/are-you-financially-ready-to-buy-home

Original Article Source Credits:   Government Of Canada , https://www.canada.ca/

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Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/financial-planning/financial-planning-4/3.html

Original Article Source Credits:   Financial Post , https://financialpost.com/

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Link to Original Article:  https://financialpost.com/personal-finance/business-essentials/canadas-real-estate-market-is-booming-heres-how-you-can-take-advantage

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

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Original Article Posted on:  2018-08-09

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/financial-planning/financial-planning-4/4.html

Original Article Source Credits:   Canada Mortgage and Housing Corporation  , https://www.cmhc-schl.gc.ca/

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Link to Original Article:  https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/home-buying-step-by-step

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

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Original Article Posted on:  2017-02-02

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Original Article Source Credits:   The  Star , https://www.thestar.com/

Article Written By:   Joe Richer

Original Article Posted on:  , Jan. 15, 2021

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Original Article Source Credits: Canada.ca , https://www.canada.ca/   

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Original Article Posted on:  2017-11-20

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Original Article Source Credits:   Ontario , https://www.ontario.ca/

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Original Article Posted on:   December 11, 2019

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Original Article Source Credits:   The Star , https://www.thestar.com/

Article Written By:   Joe Richer

Original Article Posted on:  Dec. 11, 2020

Link to Original Article:  https://www.thestar.com/life/homes/2020/12/11/expert-advice-can-help-keep-you-safely-within-your-financial-legal-limits-in-a-home-purchase-bidding-war.html?rf

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  2016-10-24

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Link to Original Article:  https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/power-attorney-financial.html