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

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...

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...

OCT

2017

Tenancies in Real Estate Transactions

A buyer of real estate obtains “indefeasible title” (ie. ownership that is not vulnerable to being defeated, revoked or lost) subject to certain exceptions listed under section 23 of the Land Title Act of British Columbia. One of the exceptions is a lease or agreement for lease...

OCT

2017

Choosing your Attorney, Executor and Representative

Choosing who to appoint as your attorney, executor and representative in your estate planning documents is one of the most important decisions you must make during the process of creating your estate plan. The most important thing is to choose someone you trust with the powers...

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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

Strata Lot Parking and Storage

Tenancies in Real Estate Transactions

Choosing your Attorney, Executor and Representative

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