Escrow is a financial arrangement in which a third party holds and regulates the payment of funds between two parties involved in a transaction. It helps to provide trust and security in various financial transactions, reducing the risk of fraud, non-performance, or disputes between the parties involved. Using an escrow agent ensures that both parties…
Do you want to buy a house and seek to use a secure exchange that will protect your interest? This is where escrow comes to play. This article will walk you through how escrow work when buying a house. This article contains all the information you need on this premise. Buying a house can be…
Are you an entrepreneur who wants to start a business in Ontario and are asking the question, “Do I need a master business license in Ontario?” You might need it or not, depending on your business structure. Here we will look at what a master business entails, whether you need it, its advantages, and other…
Are you confused about what to expect when escrow closes? The escrow process is a crucial component of real estate transactions, providing a secure and neutral intermediary for transferring funds, documents, and other assets between parties involved in a sale or other financial agreements. The escrow closes when all the outlined terms are met, and…
Starting a business in Ontario can be profitable if you have the right customer, knowledge, and mechanism to navigate the business efficiently. However, like every organized place, Ontario has rules, laws, and guidelines guiding business operations in the province. There are certain things you need to start a business n Ontario. If you are one…
It’s easy to get attracted to meal delivery services in this busy age where you must combine education, work, and family life. And sometimes, you might not have the time to visit the supermarket for groceries or cooking recipes. With a meal kit, you don’t have to face the pressure of thinking of where to…
Is there a difference between holding escrow and real estate escrow? What is the difference between holding escrow v.s real estate escrow? Although both seem similar, there is a slight difference between them. Let’s dig deep into the article as we bring out the differences. But firstly, let’s look at what “holding escrow and “real…
Are you wondering why Canada has higher car insurance premiums than the US? Are you wondering why car insurance is so expensive in Canada? Many factors are behind this, and note that the cost varies among provinces. So some provinces can be most costly than others. For instance, the Toronto-based RATESDOTCA, in their recent report,…
Are you seeking information on bankruptcy in Alberta? In this article, you will learn what you need to consider before declaring bankruptcy, the exempted assets in the declaration process, what you need to evaluate, and the steps to take when declaring bankruptcy in Alberta. In Alberta, bankruptcy falls under Canada’s federal bankruptcy and insolvency laws….
Is cash surrender value of life insurance taxable in Canada? There is no direct yes or no to the question. The cash surrender value can be tax-free and become taxable under certain circumstances. The time you receive the cash value and how you receive it determines whether it will be taxable. In this article, we…