Tahira Law Professional Corporation

03/08/2024

Keep shining, keep smiling, and keep inspiring everyone around you

03/06/2024

Bank of Canada holds key interest rate at 5% again, saying it's still too soon for rate cuts.
The Bank of Canada has held its key interest rate at five per cent again, saying that it's still too soon to consider rate cuts while underlying inflation persists.
Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips out volatile items like food or fuel.
Bank of Canada governor Tiff Macklem elaborated on those concerns during a press conference following the announcement.
He said there are still global risks — like the attacks on Red Sea shipping routes, which have impacted global shipping costs — that could feed into higher inflation if they escalate.

01/22/2024

https://www.cicnews.com/2024/01/breaking-ircc-to-announce-a-two-year-cap-on-admissions-for-international-students-0142492.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter-20240122 .3esjvp

Immigration, Refugees and Citizenship Canada (IRCC) has announced that is implanting a temporary cap on the number of international students who are issued study visas. A release from IRCC shows that for 2024, the cap is "expected to result in approximately 360,000 approved study permits, a decrease...

08/30/2023

Making a will is important for several reasons:

1. **Distribution of Assets:** A will outlines how your assets, property, and belongings should be distributed after your passing. This helps ensure that your wishes are carried out and that your loved ones receive what you intended for them.

2. **Guardianship for Dependents:** If you have minor children or dependents, a will allows you to designate a guardian for them. This ensures they are cared for by someone you trust in the event of your untimely death.

3. **Avoiding Legal Complications:** Without a will, your estate may be subject to intestacy laws, which can lead to complications and delays in the distribution of your assets. Having a will can simplify the process for your beneficiaries.

4. **Minimizing Family Disputes:** Clearly stating your intentions in a will can help prevent disagreements among family members about how your assets should be divided. This can help maintain family harmony during a difficult time.

5. **Charitable Contributions:** A will allows you to include provisions for charitable donations or contributions to causes you care about.

6. **Expressing Personal Wishes:** A will can include instructions for your funeral arrangements, organ donation, and other personal wishes, ensuring that they are carried out according to your preferences.

7. **Appointing an Executor:** You can designate an executor in your will who will be responsible for managing the distribution of your estate and ensuring your wishes are followed.

8. **Business Continuity:** If you own a business, a will can outline how you want the business to be managed or passed on to successors.

9. **Peace of Mind:** Creating a will gives you the peace of mind that you have taken steps to provide for your loved ones and that your affairs will be handled according to your wishes.

It's important to consult legal professionals when drafting a will to ensure that it is legally valid and covers all relevant aspects of your estate and wishes. Keep in mind that laws and regulations may vary depending on your jurisdiction.

Contact us.

02/02/2023

All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023.

All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023. Submit Declaration Online The online declaration portal will accept late declarations even after the February 2 deadline. Homeowners are encouraged to make a declaration...

12/29/2022

https://www.cbc.ca/amp/1.6664003

Pharmacists are getting new powers on Jan. 1 that will allow them to prescribe medications for 13 minor ailments. But with the change just five weeks away, it is still not clear if Ontarians will have to pay out-of-pocket for the service.

12/22/2022

After long wait my client finally got multiple entry Canadian visitor visa. 🇨🇦

06/19/2022

Happy Father’s Day to all Awesome DADS

06/19/2022

The 'Affordability Plan'
The measures already announced by the federal government in the 2022 budget and cited by Freeland in today's speech include:

Boosting the Canada Workers Benefit by $1.7 billion this year. Individual workers can now receive up to $1,395 a year in benefits, while a family can qualify for up to $2,403 annually. Those amounts would be boosted by $1,200 for individuals and $2,400 for families.

Increasing Old Age Security (OAS) by 10 per cent, providing up to $766 in new support in the first year starting in July for those 75 and older.

Providing a one-time Housing Affordability Payment of $500 for low-income Canadians.

Reducing the cost of child care by an average of 50 per cent by year's end and bringing it to an average cost of $10 a day by 2025-26.

Providing free dental coverage for Canadians earning less than $90,000 a year, beginning with children under 12, in 2022.

Increasing benefits indexed to inflation, including OAS, the Guaranteed Income Supplement (GIS), the Canada Pension Plan, the Canada Child Benefit and the GST credit.

06/08/2022

Super visa program for parents and grandparents

These changes, which come into force on July 4, 2022, will

increase the length of stay for super visa holders to 5 years per entry into Canada
People who have a super visa also have the option to request to extend their stay by up to 2 years at a time while in Canada.
allow the Minister of Immigration.

04/08/2022

On April 5, IRCC announced increase in Canada immigration fees for all the permanent residency applications effective from April 30, 2022. Last hike was done in 2020 and IRCC announced at that time that fees will be adjusted every 2 years to factor in inflation.

03/30/2022