Resources by Alain Laurencelle

THE EVOLUTION OF LIFE LEASES IN MANITOBA: A Viable and Attractive Housing Option

By Alain Laurencelle on April 18, 2016

When I started practicing, about 24 years ago, provincial and federal programs for funding
of affordable housing for seniors had started to dry up. Many of the existing seniors
complexes in Manitoba at the time were older buildings in need of substantial repairs and
certainly not built to suit the needs and wants of an aging, but healthier, generation of
seniors. It is my understanding that this generation of seniors had generally done well for
itself financially, and therefore, was willing and able to invest in new, more modern
housing projects to suit their lifestyle.

Another key factor to the advent and growth of Life Leases in Manitoba is that
government spearheaded seniors’ housing initiatives and funding was replaced by
developments organized by non-profit or fraternal organizations such as the Lions,
Knights of Columbus, Kiwanis, Rotary, Fraternal Order of Eagles, and community-based
economic development organizations. Politically, governments got out of this type of
development and started concentrating more on subsidized and affordable housing for
low-income families and seniors. These organizations were not only back filling a housing
shortage at the time for healthier and wealthier seniors but they were also prepared to cater to the needs and wants of this generation who could afford a newer alternative. Some of these groups also had their self-interest in mind (i.e., keeping their members or
parishioners close by).

When dealing with Life Leases, there is a preconception that this is an alternative housing
option only available to seniors. That is not the case. Although many of the Life Lease
projects have been developed for seniors (55+) because the sponsor usually needs
financial contributions from the tenants, there is no such age restriction in the Act or
Regulations.

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2015 – CDEM – Sociétés en nom collectif

By Alain Laurencelle on January 27, 2015

Les sociétés en nom collectif.

Atelier de formation pour dirigeants de petites ou moyennes entreprises.

Bref aperçu des sociétés en nom collectif – Les avantages et désavantages des sociétés en commandite  et sociétés à responsabilité limitée.

Autres sujets abordés incluent l’imposition des sociétés en nom collectif, la protection contre les créanciers et l’assurance responsabilité civile.

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Joint Ventures – Sophisticated Property Investors Network

By Alain Laurencelle on November 12, 2014

  • This is a basic introduction to joint ventures.
  • Every situation is different.
  • Joint ventures offer a lot of flexibility.
  • You should always consult your professional advisors with respect to your individual situation.

Presented by Alain Laurencelle and Kevin Nenka of Taylor McCaffrey LLP

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