How the Home Buyer Rescission Period Protects You in BC Real Estate Transactions Buying a home is a significant financial commitment, and sometimes, decisions made in the heat of the moment can lead to buyer’s remorse. Recognizing this, British Columbia has implemented a Home Buyer Rescission Period (“HBRP”) to offer buyers a safety net. Here’s […]
Understanding Fraudulent Misrepresentations in Real Estate Contracts A recent decision out of Ontario (1000425140 Ontario Inc. v 1000176653 Ontario Inc., 2023 ONSC 6688) illustrates how fraudulent misrepresentations in real estate transactions can lead to the rescission of the contract. The case involved Aiden Pleterski, the self-described “Crypto King”, and NBA basketball star, Shai Gilgeous-Alexander. The […]
How BC’s Short-Term Rental Accommodations Act Affects Your Property The government of British Columbia has recently enacted new legislation regarding short-term rentals. The Short-Term Rental Accommodations Act (the “Act”) came into effect in October 2023 and will continue to be rolled out over the course of two years. The primary aim of the Act is […]
Understanding the Legal Framework and Future Changes in Medical Assistance in Dying in Canada Since 2016, medical assistance in dying (MAiD) has been legal in Canada. This post discusses when MAiD is available to an individual, and how these circumstances may be broadening in the future. There are currently safeguards in place to ensure the […]
Key Annual Obligations for Corporations in British Columbia The British Columbia Business Corporations Act (BCA) requires all corporations to file an annual report with the registrar, pursuant to section 51 of the Act. By filing your annual report, you are informing the B.C. Registry that your company is in active standing. A failure to file […]
Advantages of Incorporation for Small Businesses As a small business grows, there are risks of personal liability. The act of Incorporating a business is one way to mitigate personal liability. Limited liability is not the only advantage that incorporation provides. This post explores the advantages of incorporation, focusing on its legal, financial and operational benefits. […]
I have had a Builders Lien filed against my property; what can I do to remove it? Generally, a builders’ lien is a charge on property by a person who has supplied work or material to a building under construction. Since builders’ liens are typically simple and inexpensive to file against property, an owner may […]
Filing a Builders Lien against the owner of a property for lack of payment The Builders Lien Act (BLA) can be an important tool for those in the construction industry. One of the main purposes of a builders lien is to ensure that owners are not able to obtain an improvement to their land without […]
When purchasing a business it is essential for buyers to consider the potential tax implications and strategies to minimize them. Two key tax considerations are the Goods and Services Tax (GST) and provincial sales tax (PST). The method of acquisition, whether through share or asset transfer, significantly impacts the tax outcome. In general, when buying […]
When acquiring a business, prospective buyers should give careful attention to the realm of intellectual property (IP). Protecting and leveraging these intangible assets is paramount. A buyer would do well to consider any trademarks, and whether they are owned by the business or individuals, and to ensure they are registered. A buyer should evaluate the […]