IMMIGRATION & Mortgage
10
The Notary
Corner
By Editha Corrales Nelson
Immigration Consultant, Notary
Public, Mediation / Arbitrator
Your common-law partner:
• isn’t legally married to you
• can be either sex
• is 18 or older
• has been living with you for
at least 12 consecutive months,
meaning:
o you’ve been living together
continuously for one year, without
any long periods apart
o if either of you left your
home it was for:
family obligations
work or business travel
o any time spent away from
each other must have been:
short
temporary
When at least one partner
chooses to end the relationship,
we consider the partnership to be
over.
HOW DO I HELP A
FAMILY MEMBER OR
FRIEND APPLY TO VISIT
CANADA?
Anyone who plans to visit
Canada must apply from outside
of Canada before they travel.
What your friend or family
member needs depends on:
• the type of travel document
Real Estate
MYLENE LIM
Licensed Mortgage Specialist
Seasoned business owners
know how to take advantage of fi-
nancial leverage. They know that
one of the major keys to success
in business is to use as little of their
own cash as possible. This is more
so true for businesses that require
extensive capitalization to invest in
land, equipment, machineries, raw
material and inventory before they
could start generating revenues.
PHILIPPINE ASIAN NEWS TODAY February 16 - 28, 2019
FOR MY SPOUSAL SPONSORSHIP APPLICATION,
WHAT IS A COMMON-LAW PARTNER?
they will travel with;
• the country that issued their
travel document;
• their nationality; and
• how they will travel to Can-
ada.
Before applying, find out
what document(s) they need.
If they need a visitor visa, you
may provide your family member
or friend with a letter of invitation
in support of their visa application.
A letter of invitation can help, but it
does not guarantee the person will
get a visa.
WHAT ARE THE RE-
QUIREMENTS FOR BE-
COMING A CANADIAN
CITIZEN?
Canadian. If you’re a spouse of a
Your eligibility for citizenship Canadian citizen, you:
• don’t need to meet any spe-
depends on your situation, such
cial requirements
as:
• must meet the same eligi-
• permanent residents of
bility requirements as other adults
Canada applying for:
child
o yourself
o your minor
(under
18)
• past Canadian citizens who
want to get your Canadian citizen-
ship back
o this includes current and
f o r m e r
Canadian
Armed Forc-
es
(CAF)
members
•
Canadians
applying for
citizenship
for your ad-
opted child
born out-
side Cana-
da
• current or former CAF
members applying under the fast-
track process
SPOUSES OF CANADIAN
CITIZENS
You don’t automatically be-
come a citizen when you marry a
** Strictly taken from www.
cic.gc.ca
A Canadian Certified Im-
migration Consultant, Certified
Senior Advisor and a Notary Pub-
lic in the City of Burnaby, Editha
Corrales Nelson’s preferred areas
of practice are Powers of Attorney,
Wills Preparation, International Le-
gal Documents, Name Changes,
Affidavits, Letters of Invitation,
Statutory Declarations, Drafting
of Business Contracts and other
notarial services. For an appoint-
ment, please call: 604-777-2757.
The following should not be
construed as providing legal advice
and information in this column is
intended only as a general guide
and should not be applied to spe-
cific circumstances without further
consultation. For more informa-
tion on the subject, contact Editha
Corrales Nelson at 604-777-2757
or email: [email protected].
Do You Need Financing For Your
Business?
need to operate your business
can drastically cut down the cash
component you will need to fork
out. You would also be able to get
more inventories that you need
without having to wait at a future
date when there’s more cash avail-
able. And the chances of having
“extra cash” in a growing business
are rather slim to none.
Factoring can also help ease
your cash flow constraints. In the
Businesses are built on cash same way that it’s usually not a
flow and leverage. It’s not a sound good idea to fully pay equipment
move to use up all your cash to upfront, it doesn’t make sense to
purchase something upfront that carry accounts receivable, espe-
will only generate income in the cially if your clients enjoy a term
future. You will be tying down your of 60 days or more. Simplified,
cash, which you could have been factoring is selling your accounts
used for actual operations of the receivable (i.e., invoices) to a third
business such as payroll, rent, etc. party (factor) at a discount. You
So, this is where Leasing and Fac- get money for your discounted re-
toring can play vital parts in your ceivables right away from factors
business.
who will in turn, wait for the matu-
rity of the receivables before they
Leasing the land, warehouse, can get their payments. Factors
equipment and machineries you also do credit checks, which give
you a good backgrounder on the
financial dealings of your custom-
ers. The time and effort required
to collect receivables from your
customers can now be utilized for
more productive pursuits.
get cash for your operation.
As a business owner, you can
now focus on the sales and op-
erations of your growing business.
In today’s business environment
where conditions can change over-
night and opportunities may arise
without warning, businesses must
be able to position themselves to
be able to adapt and take advan-
tage of the opportunities as they
come. Business owners have to
be proactive in order to succeed in
today’s competitive market.
Another advantage of fac-
toring and leasing can be seen in
your financial statements as you
can incorporate these costs in your
monthly expenditures to come up
with your profit & loss numbers,
and adjust your profitability mar-
gins accordingly. Not to mention
that you can deduct some of these
expenses from your revenue for tax
For more information on
purposes.
how you can grow your business
through leasing and factoring,
What these all mean is that please contact me so we can dis-
ultimately, you can free up more cuss different lending opportuni-
cash that you can use to generate ties for your business.
more revenues if your incorporate
leasing and factoring into your
For more information, please
business structure. You can con- feel free to contact me: Cel: 604
centrate on increasing your margin 783 9097/ Email:mylene.mort-
instead of having to worry where to [email protected]/ Web: www.Myl-
eneLim.ca/ FB: Mylene Lim
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