In closely held corporations—where a small group of individuals controls both ownership and management—minority shareholders are often in a vulnerable position. Without the ability to freely sell their shares or exit the business, they rely heavily on the good faith of majority owners. When that trust breaks down, it can lead to shareholder oppression or deprivation of rights—legal […]
07
May
May
In the realm of equity, trusts serve as powerful tools for addressing a wide range of legal disputes, particularly those involving property, fiduciary duties, and unjust enrichment. Among the most significant—and often misunderstood—are constructive and resulting trusts. While both are classified as “implied” or “non-express” trusts and are imposed by courts to reflect equitable outcomes rather than the express […]
10
Apr
Apr
Lending or borrowing money—even among friends or family—should always be backed by a written agreement. In Alberta, a promissory note offers a simple, legally binding way to formalize a loan, clearly outlining the borrower’s promise to repay a specific amount to the lender.
17
Mar
Mar
In recent years, the issue of foreign ownership of real estate in Canada has garnered significant attention, particularly in Alberta, one of the country’s most attractive markets for real estate investment. With its thriving economy, vibrant cities, and natural beauty, Alberta is a prime location for international buyers. However, prospective non-Canadian buyers should be aware […]
Family Trust
Granny Trust: A Powerful Tool for Non-Canadian Settlors to Transfer Tax-Free Assets to Canadian Beneficiaries
14
Mar
Mar
In Canada’s complex landscape of wealth transfer and estate planning, the “Granny Trust” (also known as a foreign grantor trust) stands out as an effective strategy for families looking to minimize tax burdens while passing on wealth. Though the name might sound informal, the Granny Trust is a sophisticated financial instrument designed to facilitate the […]
17
Jan
Jan
Whenever there is a domestic dispute between spouses or partners and the police are called, one of the most common and immediate suggestions the police may offer is for one party to seek an Emergency Protection Order (EPO). This is especially common where the dispute does not reach the level of a criminal charge. In Alberta, EPOs […]
17
Jan
Jan
Commercial transactions are crucial to the success of businesses, whether they involve the sale and purchase of business assets, commercial real estate, company shares, brand names, joint ventures, mergers, acquisitions, or licensing agreements. These transactions are fundamental for the growth and operation of a business. However, they are rarely as straightforward as they might seem. […]