Hi Lovers
Found this in the 1960 Revised Statutes of Ontario link here….
http://www.archive.org/stream/v1revisedstatuteso1960ontauoft/v1revisedstatuteso1960ontauoft_djvu.txt.
You have to scroll down alphabetically. Notice to the words have changed. I think they scanned the documents using some kind of word reader and so you will notice incomplete sentences and other errors but the meat is there.
Personal 42. — (1) No tax is payable under section 4 or 5 by a …….corporations exempt corporation for a fiscal year during which it was a
personal corporation.
(2) In this Act, “personal corporation” means a corporation that, during the whole of the fiscal year in respect of which the expression is being applied,
(a) was controlled, whether through holding of the majority of the shares of the corporation or in any other manner whatsoever, by an individual resident in Ontario, by such individual and one or more members of his family [qualified below] who were resident in Ontario or by any other person on his or their behalf; [Hallow: a holder of BC you can be sole shareholder]
(b) derived at least one-quarter of its income from,
(i) ownership of or trading or dealing in bonds, shares, debentures, mortgages, hypothecs, bills, notes or other similar property or interest therein,
(ii) lending money with or without securities,
(iii) rents, hire of chattels, charterparty fees or remunerations, annuities, royalties, interest or dividends, or
(iv) estates or trusts; and [Hallow: this one here although I am withholding until further investigation, seems is very much applicable, in fact, provable].
(c) did not carry on an active financial, commercial or industrial business. [Hallow: Charities, estates, do not, I believe, fall into that category unless of course, we do or do not do something that the information in the system, otherwise known as NOTICE, indicates either we are partaking in such, or, have not given NOTICE of something. I will get into that aspect here in the coming days. I have some verifying to do yet]
Idem (3) For the purpose of clause a of subsection 2, the members of the family of an individual are his spouse, sons and daughters, whether or not they live together.
Distribution (4) The income of a personal corporation whether actually distributed or not shall be deemed to have been distributed to and received by the shareholders as a dividend on the last day of each fiscal year of the corporation.
Sec. 42 (9) HI CORPORATIONS TAX Chap. 73 931
(5) The part of the Income of a personal corporation that Division [<<< I think that is the wrong word, maybe it should be distribution] of shall be deemed under this section to have been distributed to and received by a shareholder of the corporation shall be the proportion thereof that the value of all property [Hallow: private-productiivity\labour] transferred or loaned to the corporation by the shareholder or any person by whom his share was previously owned is of the value of the property so acquired by the corporation from all its shareholders.
(6) The value of property transferred or loaned to a Valuation personal corporation shall be deemed for the purpose of this section to be its value at the time the property was transferred or loaned to the corporation.
87. — (1) Every corporation that is required by this Act to pay taxes shall keep records and books of account, including an annual inventory kept in the prescribed manner, at its permanent establishment in Ontario or at such other place as is designated by the Treasurer, in such form and containing such information as will enable the taxes payable under this Act to be determined. Hallow: since there appears to be no tax liability, this section is not applicable but I wanted you to see it.
Now the above is from 1960 and so we need to find it in more current legislation. This is a request to all of you researches to seek and find it and let me know. Thank you!
Now onto what they call the Registry Act in Ontario. Here is section 105 of that Act;
PART II
DEPOSITS
Definition
105. In this Part,
“document” includes,
(a) a plan of survey,
(b) any certificate, affidavit, statutory declaration or other proof as to the birth, baptism, marriage, divorce, death, burial, descendants or pedigree of any person, or as to the existence or non-existence, happening or non-happening of any fact, event or occurrence upon which the title to land may depend,
(e) a notarial copy of a certificate, affidavit, statutory declaration, proof, notice or receipt described in this section that the Director specifies. 1998, c. 18, Sched. E, s. 260.
Deposit of document
106. (1) A document may be deposited in the office of the land registrar of any registry division in which any land to which it relates is situate. R.S.O. 1990, c. R.20, s. 106 (1).
Question, for what reason or purpose may one wish to make such a deposit? With what I have in mind and when verified, and I share more information, the dots may start connecting for you. Hint, if it is not in writing it did not happen = no NOTICE. When you see what they do with land, the paperwork, deeds, certificates etc, they are or I should say we believe they are following the same process and procedures when they register births. SOB is the deed and the BC the certificate but there is more to it not mentioned.
Hint, a thing is not given unless the recipient has acknowledged his ACCEPTANCE of the gift. Til then, title has not passed or is an uncertainty. A uncertainty for example can be this under Gratuitous Promises and Gifts; a gift is given but the giver, grantor, changes his mind later and says he did not give the gift and sues for the value of the gift. What action may you take as the recipient of the gift, grantee, that may prevent that? Not only that, if you do not take such action, what proof have you it was you that received or was meant to receive the gift?
Hint: do not rely on the other guy to do what need be done that your ass, rights in property are secure and witnesses must be involved as must some form of NOTICE = public record.A public record is un-defeatable barring fraud or mistake which is no concern for us here given the government in the case of registration of birth did it.
Years ago I used to say at seminars, sometimes we see folks have things on their front lawn saying FREE and you stop and pick up the free thing. Here is the kicker, what proof have you the property is yours, that you did not steal it?
Now another kicker, absent proof of gift, I mean proof, the law presumes he purchased the property (rights) but since we are talking of a gift here there is no proof of purchase, receipt, which is the ACKNOWLEDGEMENT, hence; what action can you take to secure yourself from the happening of that event? I tell you this, it is really simple………………..hahahaha!
With love
p.s. It is possible that when we buy land we are not paying for land. It is a scam.