Author Archive

Life Planning Considerations

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Your Will is an essential part of any Estate plan, but it only comes into effect on death. As such,  your Will is not able to address issues that may occur while you are alive, such as appointing representatives to act on your behalf in the event of mental or physical incapacity. Powers of Attorney (POAs), Representation Agreements and Living Wills are all important “Life Planning” tools that are effective while you are [...]

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Planning On Selling Your Business? Prepare To Be Scrutinized!

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Categories: Blog, Business Law
Anyone who is contemplating selling their business should start the planning process early in order to maximize the value that a third party will pay. Part of that planning should include readying their business for the purchaser’s “due diligence” review. This due diligence usually takes place after signing of a letter of intent or purchase agreement, but before the purchaser becomes legally obligated to complete the [...]

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Don’t Forget To Plan For Living!

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Your Will is an essential part of any Estate plan, but it only comes into effect on death. As such,  your Will is not able to address issues that may occur while you are alive, such as appointing representatives to act on your behalf in the event of mental or physical incapacity. Powers of Attorney (POAs), Representation Agreements and Living Wills are all important “Life Planning” tools that are effective while you are [...]

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New Home Buyer Alert – HST Rebate Available On New Homes

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Categories: Blog, Real Estate
Its not often that consumers get a break on new purchases.  The Harmonized Sales Tax (HST) New Home Rebate is a BC government initiative which aims to compensate new home buyers for the added taxes associated with the implementation of the HST. The rebate is available for “newly constructed” homes or “substantially renovated” homes purchased as a primary place of residence. A “substantial renovation” [...]

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Home Buyer’s Beware. Property Transfer Tax Applies To Your Purchase.

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Categories: Blog, Real Estate
The BC Property Transfer Tax (the “PTT”) is a value added tax payable by purchasers who acquire an interest in property.The actual tax rate is 1% on the first $200,000 of the fair market value of the property being transferred, plus 2% on the fair market value over $200,000. For example, a purchaser acquiring a property with a fair market value of $300,000 will have to pay an additional amount of PTT  as follows:

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