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Buying a Home: GST
June 28th, 2023 by SNJ
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 the necessary funds to pay for the additional tax cost, if applicable. Generally, the sale… Read More »
Selling a Home: GST
June 28th, 2023 by SNJ
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 to determine whether a particular transaction should have GST applied to it. The GST applies… Read More »
Condominium Purchases and Sales
June 27th, 2023 by Bryan Peters
Condominium laws were changed in 2015 that apply to both new and existing condominium corporations and purchases of condominium units. The laws are fairly complex so buyers and sellers should seek legal advice when taking the important step of selling or purchasing a condominium unit. When making an offer to purchase a condominium, buyers are entitled to disclosure. Upon receiving the disclosure as may be… Read More »
Buying a Home: Land Transfer Tax
June 15th, 2023 by SNJ
In Manitoba, a buyer is required to pay Land Transfer Tax. There are only very limited exceptions to the payment of Land Transfer Tax. For example, an “interspousal” transfer of land between spouses or common-law partners in typically exempt from Land Transfer Tax, however, a minimum registration charge will be applicable. The sale of farmland to another farmer (as defined by the applicable legislation), who… Read More »
Buying a Home: Mortgages
May 25th, 2023 by SNJ
The majority of home buyers are not afforded the luxury of paying for a home without obtaining a loan from one of the many available lenders. As a result, it is usually a requirement that the buyer arrange a mortgage with their lender. A buyer of real property should be aware that the requirements of the mortgage will add to the documents that need to… Read More »
Buying a Home: Offer to Purchase
May 11th, 2023 by SNJ
An offer to purchase is the form used to create the agreement between the buyer and seller. Once the offer to purchase is signed, the agreement between the parties is established, and your lawyer will be limited by the agreement with regard to their ability to assist you. Therefore, prior to entering into an offer to purchase you should investigate all matters of importance to… Read More »
