The business attorneys at Sodagar & Company Law Corporation can effectively help you through a corporate restructuring. Estate Freeze Do you intend to sell your company in the near future? Or do you intend to transmit your business to your children in the coming years? If so, you should assess whether a freeze on your estate is a smart plan.…
Our attorneys specializing in trusts may assist you in establishing an alter ego trust or a joint partner trust. To ensure the trust is tax-efficient and advantageous to you, a tax lawyer provides independent guidance. About: Inter vivos trusts like alter ego and joint partner trusts allow you to transfer assets throughout your lifetime. After it’s set up, you’ll have…
As business owners ourselves, we recognize that you are preoccupied with conducting your company’s daily operations. We are now able to help you in completing one of your errands, so please do not hesitate to contact. Our corporate lawyers help maintain your company’s corporate minute book and corporation registration so you may focus on business success. According to the Business…
As a general rule, any profits from the sale of a capital asset, such as real estate, are subject to taxation in the hands of the seller. The exemption that applies to the sale of a person’s primary residence from this capital gains tax is one that is often used by Canadians. This blog summarizes how recent adjustments to taxes…
If your intentions as to your estate are not clarified to the extent required by law, you will be intestate. In such cases, the additional costs associated with probating your estate can cause great strain to your survivors. It is always advisable to have a clear, valid will in place, representing your final wishes as your estate, to avoid any…
The Novel Coronavirus, or COVID-19, outbreak has significantly affected the world in unprecedented ways. Almost every aspect of our daily routines have changed. Many of us are practicing social distancing in addition to self-isolation or self-quarantining at home in hopes of flattening the curve of this pandemic. However, a problem that many Canadians may not be ready to face are…
It’s no secret that residential construction disputes are stressful. From the owner’s perspective, a residential construction dispute is when further work or repairs need to be completed and paid for by the party responsible for using faulty materials or encountered issues with the design, construction, or renovation process. Where things get more complicated, however, is when there are multiple responsible…
You may be familiar with the Empty Homes Tax and the Speculation and Vacancy Tax if you are a homeowner in or around the Vancouver area. The key difference between both taxes is that the first is only applicable to Vancouver whereas the latter is province-wide. As of December 31, 2019, significant updates were made to the Speculation and Vacancy…
The coronavirus outbreak has affected everyday life with the media playing a large role in instilling panic through sensationalized headlines. The general public’s fear of the unknown coupled with misinformation has already led to a shortage in personal supplies such as hand sanitizer, face masks, and toilet paper. Thus, it is logical to assume that the real estate market, too,…
Many rules and guidelines that have emerged throughout the years that concern renting have almost become common knowledge. However, what many fail to realize is that many of these “renting rules” or practices are neither enforceable nor legal. These common myths regarding renting in British Columbia will be debunked in hopes of alleviating some challenges that tenants face today. For…