Notable changes are expected to be coming to the federal Divorce Act in the form of Bill C-78, which was introduced in the House of Commons on May 22, 2018. Bill C-78 marks the first substantial reform to the Divorce …Keep reading
Did you know…
Did you know that both the BC Unclaimed Property Society and the Bank of Canada have free, searchable databases?
BC Unclaimed Property Society: https://unclaimedpropertybc.ca/searchp/search/
Bank of Canada: https://www.bankofcanada.ca/unclaimed-balances/
Dormant funds from credit union accounts, forgotten insurance …Keep reading
British Columbia’s 2018 budget introduced certain changes to the taxation of real estate. This will affect residential real estate held personally, through other legal entities, or that falls into an estate or to a beneficiary of an estate.
Effective February …Keep reading
It is a general rule that a sale of a capital asset (such as real property) will trigger tax in the hands of the seller on any gains. One exemption from this tax on capital gains which is widely used …Keep reading
The most recent chapter in the debate regarding the continued operation of the presumption of advancement in the context of property division attempts to put the presumption to rest, once and for all. Despite appellate authority to the contrary in …Keep reading