Hello, Does anybody know how the land transfer taxes work in Toronto? I was told there`s 2 kinds of taxes you pay when you purchase a property in Toronto: 1) Ontario Land Transfer Tax; and 2) Municipal Land Transfer Tax. If someone has information as to whether this information is correct, I...

QUOTE (Manjula @ Feb 6 2008, 02:16 PM) Mhay, Lots of great answers in this thread. It certainly helped me to talk to my mortgage broker, Jas Grewal with The Mortgage Centre (416-410-9905). He`s a REIN member and has a law degree as well! Though you will need to engage a lawyer at some point...

QUOTE (MikeMcCrae @ Feb 5 2008, 01:58 PM) You certainly don`t need to incorporate in most cases. But there are times when it is an advantage. As always it goes back to your plan. Sometimes if you have certain credit issues a company can make you life so much easier. Thanks so much! I actually...

QUOTE (MikeMcCrae @ Feb 5 2008, 01:10 PM) Find a mortgage broker and talk about your plan. That will help in deciding when and if incorporation is needed. Also you would likely want a lawyer fairly close by where you live or work. It adds to convienience for signing documents. Ask your realtor...

Thanks so much, Keenan & Thomas. Both your advices were very helpful. Now my question is, where do I find a good quality real-estate-based lawyer? Do I post an ad for that? Or do I search the yellow pages? I`m just a beginner here so I obviously don`t know a lot about the legal stuff, or where...

Hi there, Can anyone help me on how to incorporate a business? I already have a business name set up with the province, but what do I do after that? Do I have to be earning income first before I can actually incorporate another business entity to work under my primary business name? How does...