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30 Tips for Preparing for Mediation

Mediation is a great opportunity to settle, make use of it. Consider mediating before litigation is commenced. Carefully pick your mediator. Arrange for production of documents priort to the mediation. Meet with counsel prior to mediation. Give thought to the interests of the other party and how you might meet…

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Dual Wills For Business Owners

The use of “dual wills” is an estate planning tool available to business owners in order to transfer the value of their shares to their beneficiaries in a tax efficient manner.  Having dual wills means that business owners have one will that deals with all assets of their estate except for their…

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Partnerships, Cost Sharing Arrangements and Tax Benefits

The question of what constitutes a general partnership versus a cost sharing arrangement has important tax consequences  for professional corporations and is an issue increasingly being reviewed by CRA.  The main tax advantage for professionals using a cost sharing arrangement is the ability for each professional to take advantage of…

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Estate Planning FAQs

What are the main purposes of having a will? To appoint a person or person to efficiently manage your assets/business after your death and to carry out your wishes “executor”; To distribute your assets as you think best and to provide for the welfare of your family; To avoid or…

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What are examinations for discovery?

An examination for discovery is an important part of almost every civil lawsuit. It is not a trial but rather a pre-trial process at which lawyers for each of the parties questions other parties or their employees, under oath, about the matters involved in the lawsuit. The questions and answers…

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