Co-Signer vs. Guarantor vs. Joint Borrower: The Legal and Financial Risks for Markham Parents

What is the difference between a co signer guarantor and joint borrower on a mortgage The terms are often used loosely, but the differences matter. A joint borrower (often called a co-signer) is usually on the title and the mortgage, so they own part of the home and are fully responsible for the deb

Tarion Warranty Beyond Year One: How Markham New-Build Buyers Miss Two-Year and Seven-Year Claims

What does the Tarion warranty cover after the first year in Ontario Most new-home buyers focus on first-year forms, but Tarion’s coverage runs longer. The two-year warranty covers water penetration, defects in electrical, plumbing and heating delivery and distribution systems, and Building Code viol

The CRA Change-in-Use Trap: Moving Out of Your Markham Home and Turning It Into a Rental

What happens for tax when I turn my Markham home into a rental property When you stop living in your Markham home and start renting it out, the Income Tax Act treats you as having sold it and bought it back at fair market value on the date of the change. If the home was your principal residence for