Bill C-45 has become the centre of many discussions. Its implementation enables adults in Canada to legally purchase cannabis for recreational use. The proposed Cannabis Distribution Act (CDA) establishes a province’s authority over the wholesale distribution of cannabis. Additionally, the proposed Cannabis Control and Licensing Act (CCLA) delegates provincial control over the sale, supply and possession of non-medical cannabis, and…
Do you know what the difference is between the B.C. Speculation Tax and the City of Vancouver Empty Homes Tax? With the recent introduction of the B.C. Speculation Tax soon after the City of Vancouver Empty Homes Tax, many are left wondering: what’s the difference? It’s not uncommon to be misinformed or left confused about the nature of each type…
What is the B.C. Speculation Tax? In 2018, the NDP government introduced the B.C. Speculation Tax in an effort to dampen the hot housing market. The goal of this annual tax is to: Reduce the amount of empty homes so that more living spaces are available to B.C. residents. Reprimand foreign buyers and domestic speculators who do not pay taxes…
As an owner in a strata-operated property, do you wonder how you can challenge a strata council’s decision? As a strata council member, do you wonder how you can enforce the bylaws effectively? The Fine Effective late-2018, the maximum fine that a strata corporation may set out in its bylaws for the contravention of a bylaw that prohibits or limits…
In some cases, buyers may change their minds or realize that they are no longer financially able to follow through with their purchase. However, reneging has proven to be quite expensive and stressful. Therefore, it is important that buyers are well aware of what they are getting themselves into and the terms by which their offer is based on. An…
Canadian home sales have fallen due to the tougher mortgage qualification rules that have deterred prospective buyers. The real estate market tightened its regulations in an attempt to make certain that buyers will be able to sustain potential fluctuations in their economic standing. This may be in terms of interest rate volatility, should their interest rates surpass that of their…
In today’s society, many turn to torrenting or downloading movies from the internet. This is partially due to the increasing popularity of devices, such as computers, laptops, tablets, and smartphones. The last time that Canada amended its copyright law was in 2012, which carried with it a multitude of debates regarding the Copyright Modernization Act. Many accused Canada of being…
The “accumulation years”, the time you spend on working and acquiring assets for both your personal and financial future use. During this period, you pursue your interests and donate to charities, own businesses, invest in stocks, and purchase property. Regardless of the type of assets you possess, you will most likely want them protected and deliberately distributed amongst your beneficiaries…
A few decisions on unjust enrichment hold the reader’s eye like Norkum v. Fletcher, 2018 BCSC 904. The decision starts: “Sex for pay, opportunism, deception and false expectations form the backdrop to this litigation.” On June 1, 2018, the Supreme Court of BC issued reasons finding in Mr. Norkum’s favor on allegations of unjust enrichment arising from two properties. The…
Vancouver’s real-estate market has been on the rise and contractors are in high demand. From the maintenance of a real-estate investment to renovating or building a house; more people are generally inclined to enter into an agreement with a contractor or builder. An agreement struck with a contractor for restoration, renovation or building services fall within the scope of contract…