The issue of GST, as it applies to the sale of a home is a complex issue which should be discussed with your lawyer at an early stage to determine whether it must be charged and collected from the buyer of your home. It is the responsibility of a seller... Read More
Beginning as a highlight in the 2022 Canadian Budget, the federal government has made a concerted effort to ensure that profits made from “flipping properties” (i.e purchasing a property with the intent or effect to resell the property for a profit) are taxed in a full and fair manner. As... Read More
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... Read More
If you are arranging for part of the purchase price to be paid by way of the proceeds of a new mortgage, the process of registering the transfer of land and the mortgage documents in Manitoba may require that the transaction be closed without the mortgage funds being available to... Read More
In a typical real estate purchase, an adjustment is usually made to the purchase price with respect to property taxes. This is due to the fact that property taxes are paid at different times of the year in the various areas of the province, but regardless of which area of... Read More
Property taxes must be paid on all residential real property as charged by the city, town or municipality in which the property is located. The tax period for all properties is the calendar year, despite the fact that the due dates for the payments of taxes will differ depending on... Read More
Operating a short-term rental in Winnipeg will require a licence as of April 1, 2024. This will apply to rentals such as Airbnb, Vrbo, or bed and breakfasts, and it applies to rentals being operated out of the primary place of residence and any non-primary properties. In following the footsteps... Read More
Amendments have been made to The Buildings Act (formerly known as The Buildings and Mobile Homes Act) which relate to the purchase and sale of mobile homes. For some time, lawyers in our office have emphasized the importance of a mobile home having a label affixed to the mobile home,... Read More
Many properties in southeastern Manitoba have a unique feature that distinguishes them from properties in other parts of the province – a shared well. If you are new to this area, you may not be familiar with shared wells and even if you are familiar with them, there are many... Read More
The issue of GST as it applies to the purchase of a home is a complex issue which should be discussed with your lawyer prior to signing an Offer to Purchase in order to determine whether it must be paid on the purchase of a home, and whether you have... Read More