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

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,...

FEB

2018

Introduction to Probate Fees

In most circumstances, a grant of probate (or administration) from the Supreme Court of British Columbia will be required to distribute your estate. The Probate Fee Act of British Columbia requires the payment of a “probate fee” if the value of the estate exceeds $25,000. In this...

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...

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...

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...

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...

DEC

2017

Do-It-Yourself Will Kits

Occasionally, we see wills that have been created with Do-It-Yourself Will Kits found online or at various retail stores. While these “DIY wills” may seem like a good idea to quickly and cheaply draft a will, they often create more problems than they solve. Firstly, DIY wills...

DEC

2017

Record Keeping Obligations for Companies

Record keeping is a very important part of operating a successful business. Pursuant to the Business Corporations Act of British Columbia, a business which has been incorporated is legally obligated to keep certain records at their records office and make such records available...

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...

NOV

2017

Multiple Wills

While most people have one will to address how they would like their assets to be distributed upon their death, it is also possible to create multiple wills that do not revoke one another. In certain circumstances, the multiple wills strategy can be an effective tool for dealing...

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Property Transfer Tax Changes – Additional Property Transfer Tax

Introduction to Probate Fees

Closing vs. Possession Date

Adjusting for Property Taxes

New Mortgage Rules

Changes to Fixed Term Residential Tenancies

Do-It-Yourself Will Kits

Record Keeping Obligations for Companies

New Property Transfer Tax Return Requirements

Multiple Wills

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