Search
UPDATE: What You Need to Know About the NEW BAN on Residential Purchases for NON-Residents
March 6th, 2024 by Simon Reimer
In June 2022, the Canadian Prohibition on the Purchase of Residential Property by Non-Canadians Act received royal assent. The Act effectively bans the purchase of residential real estate for non-Canadians and imposes a fine to anyone who breaches it as a non-Canadian purchaser or as a person who assists a non-Canadian in purchasing residential real estate. This ban is set to take effect on January… Read More »
Underused Housing Tax: The Impact on Some Residential Property Owners
February 14th, 2024 by SNJ
Canada Revenue Agency extended the deadline for filing the 2022 Underused Housing Tax Return until April 30, 2024. This extension means that all penalties and interest will be waived so long as the return is filed by April 30, 2024. This also means that both the 2022 and 2023 Underused Housing Tax Returns need to be filed by the same deadline. The Underused Housing Tax… Read More »
BANKRUPTCY MATTERS IN ESTATE PLANNING
February 7th, 2024 by Grant M. Driedger
By: Grant M. Driedger When making a Will or Power of Attorney one has to pay careful attention to ensure that the executor or attorney to be appointed can get the job done. Skills, reliability and trustworthiness are primary criteria in every case. In some instances, consideration should be given if a potential candidate someone is, or may be at risk of becoming, bankrupt. Appointment… Read More »
