February 24, 2017 Arunesh Sohi No comments exist

So you want to start a new business? One of the most important decisions you will make is choosing the proper entity for your business as it can have key implications on your taxes as well as your assets and liabilities. If you own a business that has been in existence for a while, it…

February 22, 2017 Arunesh Sohi No comments exist

If you are purchasing real estate in Ontario, you may have questions about Land Transfer Tax (LTT). When buying land or an interest in land in Ontario, you will likely be required to pay LTT. The amount used in calculating LTT is based on any existing buildings, any buildings to be constructed, fixtures, built-in appliances,…

February 22, 2017 Arunesh Sohi No comments exist

Ontario has reopened three of its Provincial Nominee Program (PNP) streams as of February 21, 2017: 1. Human Capital Priorities Stream; 2. International Masters Graduate Stream; and 3. International PhD Graduate Stream. These streams will contribute towards Ontario’s nominal allocation of 6,000. Ontario had stopped the Human Capital Priorities Stream as of February 16, 2016…

February 16, 2017 Arunesh Sohi No comments exist

Montreal will be voting on Monday to become a designated ‘sanctuary city’. Currently there are four sanctuary cities in Canada: Toronto, Vancouver, Hamilton and London. There are proposals in discussion to convert: Montreal, Ottawa, Winnipeg, Regina and Saskatoon to ‘Sanctuary City’status. Sanctuary cities have official policies against discriminating against undocumented refugees or immigrants by denying…

February 11, 2017 Arunesh Sohi No comments exist

Beginning February 10, 2017, international students can apply for a Social Insurance Number (SIN) without needing a job offer to work on campus of their university or college. Previously, Immigration, Refugees and Citizenship Canada (IRCC) required international students to have an on campus job offer to obtain a SIN. As before, international students can work on…

December 20, 2016 Arunesh Sohi No comments exist

If you live in Oakville, Burlington, Milton or Halton Hills, you can apply to get financing from Halton Region to build a legal basement apartment or second unit in your existing property. The Halton Region has launched a Second Unit Pilot Program through which it will provide financing to eligible homeowners for building a second…

December 20, 2016 Arunesh Sohi No comments exist

Prime Minister, Justin Trudeau, has announced that Canada is lifting visitor visa requirements for Mexican visitors, effective December 1, 2016. This is being done in an effort to strengthen Canada’s relations with Mexico. The Government Canada expects that the lifting of visa requirements with strengthen trade between the two countries by making it easier for…

December 4, 2016 Arunesh Sohi No comments exist

First-time home buyers currently receive a rebate on the Ontario Land Transfer Tax of up to $2,000. Starting January 1, 2017, the maximum amount of rebate is doubling to $4,000. This increased rebate applies to transactions that close on or after January 1, 2017 regardless of the date the agreement of purchase and sale was…

November 19, 2016 Arunesh Sohi No comments exist

As part of Canada’s Global Skills Strategy, the Government of Canada has announced targeted improvements to the Express Entry program, which will become effective on November 19, 2016. These improvements seek to attract better skilled workers for immigration to Canada to help strengthen the country’s competitiveness in the global marketplace. As part of these improvements,…