General Questions

Q: In what areas of law does Harmony Law Group specialize?

A: Harmony Law Group specializes in residential and commercial real estate, business, corporate and commercial law, mortgages, and various other areas.

Q: What are the costs associated with Harmony Law Group's legal services?

A: Our billing structures at Harmony Law Group vary, and fees are determined based on specific categories of service. During our initial consultation, we will discuss the applicable fees as well as any additional costs.

Q: How long does it typically take to resolve a case in Ontario?

A: Timelines vary based on the complexity of the case and the legal processes involved. After reviewing your situation, we can provide a general estimate.

Q: How will Harmony Law Group communicate with me during my case?

A: We prioritize clear communication and will keep you informed through emails, calls, and scheduled meetings as needed.

Q: Does Harmony Law Group offer free consultations for Ontario residents?

A: Yes, we provide free initial consultations to discuss your case and explore potential legal strategies.

Q: How can I contact Harmony Law Group?

A: We have established contact procedures, and you can reach us by clicking on this link. [Click Here]

Real Estate Inquiries

Q: I've been informed that the investment condo I acquired five years ago will finally be completed next month. My intention is to rent it out immediately after the closing. I've heard that for investment condos, it's possible to pay the HST initially and later seek an HST Rebate. How can I go about obtaining the HST Rebate?

A: Congratulations on the condo completion! The HST Rebate is already factored into the purchase price for new residential condos. However, for investment condos where the builder doesn't apply the HST Rebate, you'll need to pay the HST rebate during the final closing, along with the remaining balance. After establishing a lease agreement with a tenant, you can initiate the HST Rebate application through an accountant, adhering to CRA guidelines. Should you decide to collaborate with Harmony Law Group, our team of accountants will guide you through the HST Rebate application process. While the refund process typically takes 2-3 months, it may extend beyond two years in some cases.

Q: Obtaining a mortgage has proven challenging lately, so I included my son's name in the condo contract initially registered in my name. However, the builder asserts that I won't qualify for the HST Rebate during the Final Closing due to the inclusion of my son's name. Could you explain why I'm ineligible for the HST Rebate, considering my intention to reside in the condo myself?

A: In the past, adding names, even of a third party, to a contract was a straightforward process. During such instances, the HST Rebate was applied at a reduced price during the closing, and the builder typically received the equivalent amount from the CRA. However, recent changes have led the CRA to often classify name changes or additions as resales, prompting builders to abstain from applying the HST Rebate during the Final Closing. Consequently, for cases involving name changes or additions, even for individuals planning to reside in the property, builders refrain from applying the HST Rebate at the Final Closing. An additional payment of around $24,000, along with the balance, is necessary at the Final Closing. Subsequently, after the Final Closing, providing evidence of your residence, you can apply for an HST Rebate return from the CRA. In most instances, a refund should be forthcoming.

Business Inquiries

Q: I have a great idea and want to start a business! But where should I begin?

A: The beginning of a business venture starts with creating a business plan. Once your business concept is solidified, decide on the structure (individual, corporation, partnership, etc.), choose a business name, obtain an HST number, and check what licenses or permits are required. Congratulations! You've taken the first step.

Q: Is it necessary to establish a corporation to start a business? What's the difference between a sole proprietorship and a corporation?

A: The major difference between a corporation and a sole proprietorship lies in the limited liability and unlimited liability, respectively. A sole proprietor bears unlimited responsibility for the business, whereas a corporation, with some exceptions, typically confines liability within the company's capital. Many prefer starting with a corporation due to this reason. Establishing and maintaining a corporation involves costs and regular consultations with an accountant, but it's worth considering that corporate tax rates are generally lower than personal tax rates.

Q: How should we distribute shares when partnering in business?

A: There's no one-size-fits-all answer to share distribution. When partnering in business, you can establish a corporation to allocate shares or proceed with a partnership without incorporating. Regardless of the approach, it's advisable to define profit distribution in advance. Some base it on investment shares, others adjust based on working hours, and some may divide equally when one party contributes capital while the other provides expertise.

Q: I'm looking to purchase a business. What should I be cautious about?

A: Before signing a business purchase agreement, it's wise to have it reviewed by a lawyer or include a lawyer review as a condition in the agreement. This way, you can confirm crucial details with a lawyer before the deal becomes firm. Although legal fees may increase, once the purchase agreement becomes firm, it's often challenging to make significant changes. Getting a lawyer's review in advance helps mitigate risks.