Artificial Intelligence (“AI”) is becoming increasingly prevalent in our daily lives, from language learning models to AI image generators. However, the use of AI in decision-making processes is raising novel legal questions. A recent decision by the Federal Court in Canada has shed light on the legal implications of using AI in the administrative decision-making process. In Haghshenas v. Canada…
The question of “When is a Deposit a Deposit?” is one of the two most significant ramifications of the risk of transactions collapsing. The second question is whether or not a seller may sue for damage. The two alternatives are not mutually exclusive, and the second option for home sellers is covered in this article. What property sellers may do…
The business attorneys at Sodagar & Company Law Corporation can effectively help you through a corporate restructuring. Estate Freeze Do you intend to sell your company in the near future? Or do you intend to transmit your business to your children in the coming years? If so, you should assess whether a freeze on your estate is a smart plan.…
Our attorneys specializing in trusts may assist you in establishing an alter ego trust or a joint partner trust. To ensure the trust is tax-efficient and advantageous to you, a tax lawyer provides independent guidance. About: Inter vivos trusts like alter ego and joint partner trusts allow you to transfer assets throughout your lifetime. After it’s set up, you’ll have…
As business owners ourselves, we recognize that you are preoccupied with conducting your company’s daily operations. We are now able to help you in completing one of your errands, so please do not hesitate to contact. Our corporate lawyers help maintain your company’s corporate minute book and corporation registration so you may focus on business success. According to the Business…
As a general rule, any profits from the sale of a capital asset, such as real estate, are subject to taxation in the hands of the seller. The exemption that applies to the sale of a person’s primary residence from this capital gains tax is one that is often used by Canadians. This blog summarizes how recent adjustments to taxes…
Due to the interdependence of the modern world, it is fairly common for citizens of British Columbia to possess assets in many jurisdictions. When a BC resident dies with overseas assets and requests for an estate grant, two problems arise: Should foreign assets be revealed when applying for a British Columbia estate grant? As part of the application for a…
The process of purchasing or selling a business is comparable to the process of making other significant purchases or sales in one’s lifetime. Sellers want to be transparent with possible purchasers about the business they are selling, and buyers want to have a complete understanding of the business they are buying. A QUESTION OF PURCHASE Due diligence and the acceptance…
Conflicts in the corporate world are almost unavoidable. It’s not uncommon to find significant variation in commercial practices and decision-making both across and within enterprises. In every workplace, partnerships may diverge, compensation disparities can grow contentious, and discrimination can tragically occur. Occasionally, commercial disputes like this may be addressed amicably, but often, they are more urgent and necessitate legal action.…
The majority of people are aware that when we die, legal procedures must be followed, and that these procedures are often complex, time-consuming, and costly. Although it is possible to decrease or remove many of these obstacles by diligent estate planning, the following is a quick overview of the actual expenses connected with the administration of an estate after death.…