Home Page

Contact Us
Real Estate Lawyer Toronto Home Legal Services
who we serve - toronto home buyers and sellers looking for reliable and experienced real estate lawyer
why choose real estate lawyer toronto
toronto real estate lawyer client testimonials
toronto real estate legal articles help advice
contact information locations
get a free quotation for all your legal fees & disbursements
Quick Access
See All our Helpful Articles

What We Do

Articles & Forms

 

Live Personal Support till 11PM 7 Days a Week We know it's hard to change your schedule to meet with lawyers, so we changed our hours to serve you better.
10 Languages Served

8 Toronto Locations

Downtown Toronto
Scarborough
Willowdale
Woodbridge
Richmond Hill
Markham
Etobicoke

Tel (416) 730-2833

Maps & Hours

Recommend This Page

Helpful Information

FINTRAC

Get a Free Quote

Get a free online quote and know your full legal costs up front, including title insurance and land
real estate legal fee quote toronto
transfer taxes. Then print out the quotation certificate and phone one of our 6 locations to provide your preliminary personal information.

In Canada, as of June 23/08, sellers (who are listing a property for sale) and buyers (signing an offer to purchase ) are now required to show a photo identification (at the time of signing) to the real estate salesperson or broker who is now required to record on a form called:

“CLIENT INFORMATION RECORD”

the details from the photo I.D. as well as the person’s occupation. This information must be retained in the Real Estate Broker’s company files as a private record for FINTRAC review (if needed) regarding verification of the identity of persons buying or selling real estate in Canada.

            Canada’s federal law, THE PROCEEDS OF CRIME (MONEY LAUNDERING) AND TERRORIST FINANCING ACT has established an administration called FINTRAC (The FINancial Transactions and Reports Analysis Centre of Canada) which currently has a staff of over 300 people (head office in Ottawa with Regional Offices in Toronto, Vancouver and Montreal) to administer the requirements under Canada’s federal law which now affects NOT ONLY real estate brokers (as of June 23/08) but also has already covered the banking industry, life insurance companies, security dealers, foreign exchange businesses, accountants and casinos.

            Worldwide, it is established that the equivalent of about $500 BILLION (U.S.) is laundered each year and most industrialized countries over the last several years have established new laws in order to fight both money laundering and suspected terrorist financing activities on both the domestic and international levels.

            To find out more about Canada’s laws on money laundering and terrorist financing, visit FINTRAC’s website

www.fintrac.gc.ca

 

Please click here for a FREE Quote

 

Terms of Use | Privacy Statement
Copyright 2011 RealEstateLawyerToronto.com
All rights reserved

 

toronto web design
internet marketing toronto web design
internet marketing