5 Reasons To Have a Will

“I can’t believe I haven’t done my Will yet! This is well overdue!” – It is not unusual for someone to say these things to me at the beginning of our first meeting to plan their Wills (and Powers of Attorney for Property and Personal Care). According to a new Angus Reid Institute poll, people cite a…

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Execution of Wills in Ontario

Pursuant to section 3 of the Succession Law Reform Act (Ontario) (the “SLRA”), for a Will to be valid it must be in writing. The SLRA sets out certain requirements regarding the execution of a Will, including information on witnessing of the document and the signing of the document. Given the SLRA requirements, a typed…

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December 2016 Amendments to the Business Corporations Act (Ontario) – Part 2

The Forfeited Corporate Property Act, 2015 (the “FCPA”) came into effect on December 10, 2016 following the passing of the Budget Measures Act, 2015 by the Ontario government one year earlier.  The substance of the FCPA affects what happens to corporate property when an Ontario corporation is dissolved under Ontario’s Business Corporations Act (the “OBCA”),…

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December 2016 Amendments to the Business Corporations Act (Ontario) – Part 1

On December 10, 2016, Bill 144, the Budget Measures Act, 2015, came into force.  In so doing, Bill 144 enacted the Forfeited Corporate Property Act, 2015 (the “FCPA”) which amended the Business Corporations Act (Ontario) (the “OBCA”) in several ways. Notably, newly-introduced section 140.1 of the OBCA requires that an Ontario corporation maintain, at its…

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