Can I Invest In Mortgages Using My Own RRSPs, RRIFs, LIRAs, RESPs or TFSAs? I get asked this question a lot, and I always say the answer is YES! Let’s look at how this strategy will benefit a person who has $30,000, $50,000 or $100,000 or more in his or … Read More
How do private mortgages work?
Are you young, educated and tired of earning 40K per year? Consider investing in private mortgages $$$ Lending private mortgage money, sometimes known as “hard money lending”, simply refers to private individuals or groups loaning money to a borrower at higher than “normal” interest rate. The borrower might be looking … Read More
Solution to the Housing Crisis
Are you planning to buy your new home in Ottawa? If you follow the news, you can’t miss either the doom-and-gloom articles about the economy or the news about skyrocketing real estate market prices. “How high can those prices go?”, wonder the journalists, right before they start mentioning the “b” … Read More
Buying or Selling a House?
For many people, their single most important investment is their home. Buying or selling a residential property can be an exciting and emotional experience. It can also be stressful and complicated. Erikson Law Firm’s mission is to ensure a stress-free home buying, selling or refinancing experience through continuous innovation and … Read More
Buying Real Estate Through a Holding Company
Looking to Buy an Investment Property? If you intend to own real estate for business purposes or investment, you can form a real estate holding company. A holding company allows you to own real estate while protecting your other assets. At Erikson Law Firm P.C. we can help you form … Read More
Erikson Law Is Now A Professional Corporation
Friends, we are pleased to announce that Erikson Law Firm has received its certificate of authorization from the Law Society of Upper Canada (“LSUC”) and is now a professional corporation. In the Income Tax Act (“ITA”), a professional corporation (“PC”) is defined to mean a corporation that carries on the … Read More
Our Real Estate Law Services
Are you looking for a dedicated real estate lawyer in Ottawa? Look no further. We have you covered at Erikson Law Firm. We are fast, efficient and have experience working with different lenders including all big banks, credit unions and many others that only operate with mortgage brokers. With us, … Read More
Supreme Court’s Decision in Carter: Bad Precedent or Desired Judicial Activism?
The Supreme Court of Canada (“SCC“) released the Carter right to life (physician-assisted death) decision almost a year ago. I predicted that it would not follow Rodriguez and would not uphold existing law prohibiting assisted suicide. I opined that taking into consideration its recent decisions, the SCC would most likely agree with … Read More
Mandatory Minimum Sentences Make Sense
The Supreme Court of Canada released its decision on mandatory minimum sentences for illegal firearms possession on April 14, 2015 (see Her Majesty the Queen, et al. v. Hussein Jama Nur, et al.) Oral arguments for the case Her Majesty the Queen, et al v Hussein Jama Nur, et al (“Nur”) and … Read More
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