The first-time home buyers' program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either … [Read more...]
Capacity to Make a Will in British Columbia – Strike While the Iron is Hot
People often intend to create or update their will but put it off. This can be risky. Clearly, there is the possibility that one might pass away unexpectedly without creating or updating one’s … [Read more...]
For Home Buyers: Canada Mortgage and Housing Corporation
Did you know that CMHC has important information for the home buyer which includes mortgage insurance details and much more? This includes: Step 1: Is Homeownership Right for You? Step 2: Are … [Read more...]
Property Transfer Tax
Did you know that an important part of calculating closing costs when acquiring an interest in real property, is to understand and allow for Property Transfer Tax? When you purchase or gain an … [Read more...]
Keep your Important Legal Paper Documents Safe!
In this day and age of electronic storage of documents, there are still certain documents the need to be kept in their paper form. Your will and power of attorney are documents that need to be … [Read more...]
Gifting Property Before You Die
The simplest way to dispose of your assets on your death is to gift them to whom you wish to have them before you die. We have all made gifts in our life—birthdays, Christmas, weddings—so we all … [Read more...]
Is It Better to Rent or Buy?
The choice between buying a home and renting one is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it … [Read more...]
Your Realtor will Thank You
In preparation for the purchase or sale of your home in British Columbia, there is invaluable materials and information available from the Real Estate Council of British Columbia. Your Realtor will … [Read more...]
Probating a Will
Most people have heard the term "probate" before, but may not have a clear understanding as to what probating a will entails. When a will maker dies with a will and the estate owns assets that … [Read more...]
Independence of the Legal Profession?
The legal profession in Canada is independent from the state. Each Province has jurisdiction to to enact laws that have has their purpose, the creation of a society that governs the legal … [Read more...]