Touchstone Law Group LLP
#208 – 1664 Richter Street
Kelowna, B.C., V1Y 8N3
Office Tel: (250) 448-2637
Toll Free: 1 (855) 889-2637
Direct Fax: (778) 484-7101
info@touchstonelawgroup.com
04
JUN
2018

Property Tax Payment Reminder

Have you purchased real estate in 2018? If so, we recommend that you make the necessary inquiries to ensure that you are aware of your obligations with respect to property taxes. Property taxes are payable to the applicable taxation authority (City, District, Municipality, etc.)...
24
MAY
2018

Property Taxes are coming due

Its that time year again. Municipal property tax notices have been (or will shortly be) sent out by your local Okanagan taxation authority notifying the property owners that property taxes are due in 6 weeks and what exactly those taxes are. These notices are sent out to the...
06
MAR
2018

Farewell to the British Columbia Home Owner Mortgage and Equity Partnership Program

The British Columbia Home Owner Mortgage and Equity Partnership Program (the “BCHP”) was introduced in December 2016. On February 20, 2018, the government of British Columbia announced that the BCHP will be eliminated. The BCHP is a program that offers financial support to...
20
FEB
2018

Property Transfer Tax Changes – Additional Property Transfer Tax

If you are a non-resident of Canada looking at purchasing property in the Regional District of Central Okanagan (“CORD”), the changes to Property Transfer Tax announced by the government of British Columbia on February 20, 2018 will be of particular importance. As of February 21,...
06
FEB
2018

Closing vs. Possession Date

When you purchase a new home or sell your existing home, there are various dates that are important in the process including the closing date (also known as the completion date) and the possession date which are both discussed in this article.  We regularly get asked questions...
17
JAN
2018

Adjusting for Property Taxes

In most cases in our area, property taxes are payable to the applicable taxation authority (City, District, Municipality, etc.) in the middle of the year (on the specified date for each jurisdiction) for the entire calendar year.  For example, property taxes payable in July 2018...
02
JAN
2018

New Mortgage Rules

On January 1, 2018, new mortgage rules were introduced by the federal government that will affect many potential home buyers. Would-be home buyers with a down payment of 20% or more will now be subject to additional qualifying criteria.  Also known as a “stress test”, home buyers...
18
DEC
2017

Changes to Fixed Term Residential Tenancies

On December 11, 2017 significant changes the Residential Tenancy Act of British Columbia were introduced with respect to fixed term residential tenancies.  In this article we will discuss some of the changes to fixed term tenancies in British Columbia. Residential tenancies in...
21
NOV
2017

New Property Transfer Tax Return Requirements

Unless an exemption is available, all property transfers registered in the Land Title Office of British Columbia are subject to the Property Transfer Tax (“PTT”) administered by the Ministry of Finance. Effective November 27, 2017 there will be changes to the PTT return regime in...
07
NOV
2017

Strata Lot Parking and Storage

When purchasing a condo or other form of stratified unit, one of the more important considerations can be parking and storage arrangements – particularly in some areas where parking is sparse and adds value to a unit.  In British Columbia, there are various ways that a strata...