Blog

Sept. 21, 2023

The fear of losing everything is often the single reason debt-ridden Canadians are reluctant to file for bankruptcy. While it is a common misconception that you will lose everything if you file for bankruptcy, some of your assets could actually end up getting liquidated to pay off your secured debt.

Aug. 24, 2023

The Employment Insurance (EI) program provides temporary income to unemployed workers as they seek new employment. EI is premium based, so individuals—even those who are self-employed—must have paid into the program in the year leading up to their need for it in order to qualify.

July 10, 2023

Nobody is immune to financial difficulty, whether you are a consumer or run your own business. If your debt is too great that you cannot pay your creditors or owe more than you own in assets, you may be considered “insolvent” under Canadian law.

June 5, 2023

Under Canada’s corporate law, corporations have a legal duty to treat directors, shareholders, creditors, and other officers fairly and without prejudice. Unfortunately, the decisions and actions of a corporation may have an adverse effect on some of its stakeholders.

April 24, 2023

Investing in a company can be a rewarding experience, but it also comes with certain obligations and rights. As a shareholder in Ontario, Canada, it is imperative that you understand your rights to ensure that you get the most out of your investment.

April 9, 2023

Buying and selling commercial real estate can be both exciting and frustrating. Even though the total number of commercial sales in Toronto decreased by nearly 48% from Q4 of 2021 to Q4 of 2022 (according to the TRREB Commercial Report), any kind of commercial purchase in Ontario is bound to make an impact on you and your business.

March 27, 2023

Contracts tend to be essential parts of conducting business. Sometimes, there are circumstances in which one of the parties to a contract does not uphold their side of an agreement. In such cases, the need for business litigation may become unavoidable.

Feb. 27, 2023

In the world of business, disputes are inevitable. When disagreements arise, it's important to have a plan in place to ensure that the dispute is resolved as quickly and efficiently as possible.

Jan. 25, 2023

One of the ways to form a business in Canada is through a partnership. Unlike a corporation, however, a partnership is not a separate entity, so the partners themselves are liable for any debts or legal obligations.

Dec. 20, 2022

Student debt in Canada now surpasses $18.2 billion just in government-backed student loans. If you factor in private loans, the total will be much higher. The average federally-backed loan currently comes in at $26,075.