Personal Real Estate Corporations (PREC)
Overview On October 1, 2020, the Ontario government amended the Real Estate and Business Brokers Act (the “Act”) to expand on the terms that brokers and salespersons may use to describe themselves in advertising, and replaces references to “commissions and other remuneration” with “remuneration”. The Act was amended to permit a brokerage to pay remuneration […]
Voluntary Dissolution of a Business Corporation – Ontario
Voluntary Dissolution A business corporation in Ontario can be dissolved either voluntarily or involuntarily. As the name suggests, a voluntary dissolution is one whereby you decide to dissolve the corporation yourself. There are two ways to dissolve your corporation voluntarily, depending on whether your corporation has started carrying on business or issued shares. Form 10 […]
