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When the higher value party is determined via the Net Family Property calculation, they will often be required to pay the difference in value to the other spouse, evenly dividing the value gained through the course of the marriage. The amount that must be paid is known as the "equalization payment." The rationale behind this is to ensure that both parties share in the financial gains made during...

Whether you are dealing with a contractual issue, property issue or personal injury related issue, you need to be well-versed in your own case in order for your lawyer to provide strong, informed legal advice. Having a strong understanding of the issue at hand, hiring expert counsel, preparing any relevant documentation and developing a clear narrative can go a long way in fostering a robust first...

When you are splitting up with a spouse, much of the conversation around the divorce is centred around how financial assets are split. Marital properties, income, investments, businesses and more all need to be divided fairly in alignment with Ontario law. Another factor that should be considered in regard to the complex division of assets is debts.

When disputes go to civil court, the last thing anyone wants is a hostile, long, drawn-out court battle. Unfortunately, conflicts are often inevitable in life, and civil litigation and suits offer a reliable and effective option for those seeking damages and justice for matters like contract breaches, family disputes, and more. Those seeking a less adversarial, more efficient, or more...

Finding yourself mixed up in financial fraud is anxiety-inducing. Most of the time, your money is already caught up in a mess, and in some cases, like with Ponzi schemes, others you know and care about could have been recruited too. Dealing with financial fraud can be incredibly complex. In Ontario, the laws involving various financial schemes can be complex and difficult to understand without the...

When you’re getting a divorce, one of the biggest sources of contention is division of assets. During a challenging time emotionally and socially, dividing property and other financial assets can become more stressful when you have more complex assets that are not easily divided down the middle.  In Ontario, the rules surrounding the division of property are designed to ensure fairness and...

A civil litigation lawyer can help you deal with a variety of legal issues, including personal injury, real estate, labour, employment and family issues. The majority of this role is centered around settling disputes and claims on behalf of clients. When you choose a civil lawyer, they will compile evidence and conduct research on your behalf, to help settle the claim in your favour. Settling...

Mortgage fraud is a growing concern in Ontario, affecting both homeowners and financial institutions. It can have serious legal and financial consequences, making it crucial for individuals to recognize the warning signs. If you suspect mortgage fraud, consulting a civil fraud lawyer or a civil litigation lawyer in Toronto for legal advice is a vital step. Our skilled legal team at Karrass Law is...

Fraud charges or suits can be daunting due to their complicated nature and the potential for dire repercussions. Investment scams, particularly Ponzi schemes, are one of the most common and detrimental fraudulent activities. While you may not have set out to be part of an investment scheme, it's not impossible for investors to find themselves in legal trouble after getting mixed up, intentionally...

Losing a job is a complex time. Emotions are high, and finances are at risk, so if you suspect you may have been wrongfully terminated, it’s a good idea to seek guidance from an experienced civil lawyer in Toronto. By seeking legal advice from a lawyer experienced in contract law, you can ensure you can take action that supports your best interests.