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Estate Freezes, Capital Gains and Business Shares

When first creating a corporation, it is common place to implement a simple share structure with only one class of shares called “common shares”.  The value of the common shares will grow as the company grows in value – this is an important aspect to remember to properly time an…

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Article

House Flipping, Real Estate Agents and Disclosure Requirements

A sales technique dubbed “shadow flipping” was recently exposed by the Globe and Mail in British Columbia. Shadow flipping can be done by anyone, but its exploitation by realtors specifically is creating uproar in the real estate industry. Essentially, shadow flipping creates a mechanism whereby realtors are able to collect…

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Work Highlight

CARHA Hosts 2016 Hockey World Cup

Congratulations to the Canadian Adult Recreational Hockey Association (CARHA) on the success of the 2016 Hockey World Cup which wrapped up in Windsor on April 10th. The week long tournament featured 120 teams from 15 countries. Kelly Santini LLP advised CARHA on the tournament bid & selection process, facility contracts…

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RISK Case Law Updates

Low Threshold to Add Parties to Action

Todhunter v. Owles, 2015 ONSC 5656 – This is a motion by municipal third parties for leave to appeal the motion judge’s decision to amend the statement of claim adding the municipalities as defendants after the limitation period expired. Leave to appeal was denied. The action arose after the plaintiff…

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