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…
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…
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…
If you’ve been following the real-estate market in any metropolitan city, you’ve most likely overheard the term ‘assignment’ when talking about buying or selling condos. What is an assignment? An assignment is the transfer of one party’s interests in a contract of purchase and sale to a separate outside party. In layman’s terms, an outside party takes over the position…