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

APR

2018

Make a Will Week

April 8 -14 is Make a Will Week in BC! Did you know that just over half of the BC population do NOT have a valid and legally enforceable will1? Make a Will Week is a BC Government Initiative to encourage people to … you guessed it… make a will! If you don’t have a will your...

MAR

2018

Duties of Directors

When acting as a director of a company, there are certain duties that you must adhere to. These two broad duties are known as the fiduciary duty and the duty of care, and are owed by directors individually to the company itself, not to stakeholders such as shareholders or...

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...

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...

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Make a Will Week

Duties of Directors

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

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

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