Who keeps the Deposit when the Purchaser fails to complete?

A recent Court of Appeal judgement, Tang v. Zhang, has moved towards clarifying the law surrounding the forfeiture of deposits in British Columbia real estate transactions when the purchaser fails to complete.  The case in question involved a…

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The New Limitation Act and Demand Promissory Notes

When family members enter into financial arrangements with each other, there is often a hesitation to document those arrangements.  Therefore, many choose to document loans between family members and friends by using Demand Promissory Notes.  A Demand Promissory…

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The End of the HST – Part 2

Commentary on further PST related developments.

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Terms of Use and Haircut Restrictions

A recent judgment issued by the Supreme Court of British Columbia illustrates the importance of having clear agreements between parties prior to spending a lot of money.  The case involved a commercial tenancy dispute between two plaintiffs, Abraham…

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CRA is looking into Tax Shelters in 2012

The Canada Revenue Agency has issued a News Release stating that they will be putting the assessment of any individual returns on hold that claim a credit by participating in a tax shelter scheme.  They warn that starting…

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Facebook IP, the Basics

Every few months, I notice that a new wave of user posted notifications appear on various social networks. These notices primarily appear on FaceBook, and generally attempt to unilaterally limit the sites right to utilize user posted material…

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CRA runs free information sessions for Registered Charities

Many people are not aware that Canada Revenue Agency offers free information sessions to all registered charities.  Although there are no upcoming sessions scheduled for Vancouver, British Columbia, it would be beneficial for charities to keep a close…

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The End of the HST in British Columbia

On April 1, 2013, nearly every provision of the Provincial Sales Tax Act (“PSTA”) shall come into force, and the existing Harmonized Sales Tax's brief interlude in British Columbia, shall come to an end. In a political sense,…

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Changes to Small Claims in British Columbia

If you have ever been involved in a civil dispute filed in the British Columbia Provincial Court, Small Claims Court division then you will be aware that it can be a time consuming process with several stages scheduled…

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