Touchstone Law Group LLP

APR

2019

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

Tags : Estates & Trusts, Real Estate, Wills

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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

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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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?

Posted By : Touchstone Law Group LLP

Tags : Estate Administration, Estate Planning

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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

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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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

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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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

Posted By : Touchstone Law Group LLP

Tags : Real Estate

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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...

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Our Law Blog

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

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