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The BC government’s Bill 24 brings significant changes to the way companies recognized under the BC Business Corporations Act (the “BCBCA“) are required to record share ownership. Currently, BC companies are required to maintain a central securities register of their legal or registered shareholders. As of October 1, 2020 (extended from May 1, 2020 due …
We are all Canadian. Today we took the opportunity to come together as a firm and show our support for the Humboldt Broncos. We ask that you hug somebody you love today, because tomorrow is not a guarantee. We may not know any of the young men or women who were involved in this terrible …
On July 18, 2017, the Department of Finance Canada released draft amendments to the Income Tax Act (Canada) and a discussion paper proposing significant changes to the taxation of private corporations in Canada (collectively, the “July Proposals“). The July Proposals seek to increase the tax paid by private corporations on investment income and also eliminate …
On July 18, 2017, the Department of Finance Canada released draft amendments to the Income Tax Act (Canada) and a discussion paper proposing significant changes to the taxation of private corporations in Canada (collectively, the “Proposed Tax Changes“). The Proposed Tax Changes seek to increase the tax paid by private corporations on investment income and …
We act for a number of professionals, including lawyers, realtors, doctors, dentists and physiotherapists, all of which are subject to various rules and regulations of their respective governing body. One of the matters that is regulated by these governing bodies is the ability of a professional to practice through a professional corporation and how the …
Steven Fruitman, a Langley lawyer, joined more than 200 cycling enthusiasts and event volunteers from across British Columbia for the BCLung Association’s 28th Bicycle Trek for Life and Breath (Trek). This was Fruitman’s [sixth] time participating in the popular two-day, 200-kilometre ride from White Rock to Cultus Lake and back to raise funds in support …
So you’ve entered into a Contract of Purchase and Sale to sell your property and now the purchaser doesn’t want to complete the transaction. What will you do? Your strategy may depend on the answer to a number of questions, including: Do you want to complete the transaction? Will you suffer losses as a result …
So you’ve entered into a Contract of Purchase and Sale to buy your dream home and now the seller doesn’t want to complete the transaction. What will you do? Your strategy may depend on the answers to a number of questions, including: How badly do you want the property? Will you suffer losses as a …
An Ounce of Prevention is worth a Pound of Cure Forming a business is a lot like getting married. At the beginning of the relationship, partners are focused on how bright their future will be and not on what may happen if they hit a bump in the road. But just like a marriage, businesses …
You have decided to sell your home. You listed your property with a Realtor; there have been “open houses”, numerous people touring your home during evenings and weekends; and a few offers that went nowhere. Finally, your Realtor brought you an offer from an interested buyer and a Contract of Purchase and Sale (the “Contract”) …
So you have decided to buy a new home. The question is, what happens after you sign the Contract? If you don’t know the answer to that question, don’t worry, you’re not alone. Most new buyers are not aware of the extent of the work actually done by their lawyer to ensure that they obtain …
When entering into what may at first seem to be a straightforward contractual relationship or purchase agreement, the question often arises whether to “do-it-yourself” or to engage a lawyer. This question arises due to the perceived lack of value in engaging a lawyer to draft the Agreement, particularly in light of the legal fees. Drafting …
