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Stock Market

Ontario’s Corporate Record-Keeping Requirements

ONTARIO’S CORPORATE RECORD-KEEPING REQUIREMENTS

It can be easy to forget all the legal obligations you have as a corporate owner. We are not talking about taxes, which are always with us. With your incorporation comes reporting and record-keeping requirements that never go away. Do you know what those requirements are? Failure to meet reporting and record-keeping requirements could prove very costly with fines or other penalties involved.

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What Happens if You Die Without a Will

What Happens if You Die Without a Will?

OVERVIEW

In Ontario, if you die without a will your property is distributed in accordance with intestacy rules set out in Part II of the Succession Law Reform Act (Ontario) (the “SLRA”).

Under the SLRA rules, who gets your property after you die depends on whether you’re married and how many children you have.

MARRIED WITHOUT CHILDREN

If you’re legally married and have no children your estate goes to your spouse. It is important to note that this happens even if you’re separated from your spouse but have not had a divorce.

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