In this issue - #129 November 30, 2009

The ORIC Kelowna Innovation Centre announced at an “Innovation Plaza” business networking event held for members of the ORIC community that it has partnered with Pushor Mitchell LLP, which has been appointed a “Knowledge Partner” of ORIC in the legal field.

To move or not to move, that is the question.  In a recent mobility case, the B.C. Supreme Court refused to allow a mother to move to Australia with her children to be with her sick mother.

Studies have shown that a majority of Canada’s small business owners plan to retire within the next ten years.  Many of these business owners plan to sell their business to either a family member or a third party.  We believe that business owners hoping to sell should start the planning process as soon as possible.

If you have an existing Will, that’s a great start. However, as your life changes, so will your estate planning needs.  Here are a few of the triggers that should get you thinking about re-doing your Will

“Buckshee lease” is a colloquial term for a lease entered into between a member of an Indian Band or the Band itself and an individual, first nations or not, where the lease has not been formally approved by the Department of Indian and Northern Affairs in accordance the Indian Act. Buckshee leases tend to appear on reserves where the Band does not have land management powers under the Indian Act.

It has recently come to light that the Canada Revenue Agency has begun a special project of auditing inter vivos domestic trusts.