Touchstone Law Group LLP, Author at Touchstone Law Group LLP - Kelowna Lawyers

MAY

2019

Help! I am an executor of an estate – what do I do with digital assets?

Digital Assets? What are those? In the words of Wikipedia, a digital asset is anything that exists in a binary format and comes with the right to use. Digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant...

APR

2019

Restoring a Company

Dissolving a company represents the end of its existence. A dissolved company is a company that was once a validly existing company but has since been struck from the BC Registry (in the case of a BC company) and no longer exists. A dissolution may be voluntary or involuntary....

APR

2019

What Happens If a Co-Owner of Real Estate Dies?

It is common for two or more individuals to own real estate together as co-owners. Before purchasing real estate with another individual it is important to consider what will happen if you or one of the other co-owners passes away. In this article we will discuss what happens...

MAR

2019

GST on Purchases of Real Property

The Goods and Services Tax (GST) is a tax at the federal level that is charged on the sale of most products and services in Canada, including real estate. As defined in the Excise Tax Act, “the entering into the agreement shall be deemed to be a supply of the property or...

MAR

2019

What is a Life Estate?

When helping clients create their customized estate plan, we are often dealing with the scenario of a blended family. A blended family is a family where the couple’s children (or some of the children) were born from a previous relationship. A blended family can face some tough...

FEB

2019

Speculation Tax Update

On February 22, 2018, the B.C. budget introduced its new proposed speculation tax which was brought into law on November 27, 2018 under the Speculation and Vacancy Tax Act, SBC 2018 c.46. The B.C. speculation tax targets owners of residential properties in parts of B.C. whose...

FEB

2019

Purchasing a Property: Reviewing the Municipal File

When purchasing a property, whether residential or commercial, it is a wise idea to review the information on file with the relevant city/town/municipality/regional district. The buyer should consider whether to include a specific subject for the review of the relevant file in...

JAN

2019

Speculation Tax Update: It’s an Individual Tax not a Property Tax

After the reviewing the Speculation and Vacancy Tax Act, SBC 2018, c 46 (the “Act”) and chatting with Service B.C. representatives, we can advise that the speculation and vacancy tax is an individual tax not a property tax. So, what does that mean? It means that that the tax is...

JAN

2019

Beneficiary Designations

The Wills, Estates and Succession Act, S.B.C. 2009, c. 13 (the “WESA”) was enacted in March 2014. The new Act, WESA, helps to simplify and codify the rules affecting wills and estates. Prior to this legislation, the rules were scattered over various pieces of legislation and in...

DEC

2018

Your Estate Planning Bucket List

The passing of a friend or family member is a difficult and emotional time for all. However, there are a few things that you can do during your lifetime to ensure that the administration of your estate is as smooth as possible for your loved ones. In this article, we will discuss...

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Help! I am an executor of an estate – what do I do with digital assets?

Restoring a Company

What Happens If a Co-Owner of Real Estate Dies?

GST on Purchases of Real Property

What is a Life Estate?

Speculation Tax Update

Purchasing a Property: Reviewing the Municipal File

Speculation Tax Update: It’s an Individual Tax not a Property Tax

Beneficiary Designations

Your Estate Planning Bucket List

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