C3s coming at the end of July

The British Columbia Business Corporations Act has been amended to provide for Canadian Contribution Companies (“CCC’s”) or (“C3’s”) which will be able to be incorporated in British Columbia from July 29, 2013.  C3s, which are based on a…

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Update on who gets to keep the Deposit

As an update to our prior posting on this matter, the British Columbia Court of Appeal have recently considered another factual scenario where the purchaser failed to complete on a contract of purchase and sale in the case…

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Trademark Clearinghouse is Open

The Internet Corporation for Assigned Names and Numbers (“ICANN”) has opened a new Trademark Clearinghouse as part of its gTLD program (N.B. see here for our prior posting on gTLD’s). With this service Trademark holders can register their…

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US Citizens Abroad Organise to Fight Worldwide Tax Net

This article address the issue of the tax problems faced by expatriate American citizens, especially with regard to Foreign Account Tax Compliance Act (FATCA) compliance.

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China Has Introduced New Money Laundering Reporting Rules

The People's Republic of China recently introduced new money laundering rules to reduce the number of unwarranted suspicious activity reports relating to money laundering. The new rules now instruct banks to perform risk assessments on clients according to…

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British Columbia PST Implementation Day

Today, April 1, 2013, is the official implementation day for the new Provincial Sales Tax ("PST"), and returns British Columbia to a two-tax PST and Goods and Services Tax ("GST") system. The province has now returned to a…

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Canada: Federal Budget 2013

The Canadian Government released its 2013 Federal Budget on March 21st, 2013, with a renewed focus on skills and training for workers, assistance for manufacturers and businesses to succeed in the global economy (including measures to support a…

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New Family Law Act – Coming on March 18, 2013

On March 18, 2013, the new Family Law Act (the “Act”) is coming into effect and along with it are several changes to the law as we know it in British Columbia.  Although we are not family law…

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British Columbia Budget 2013

Summary of the British Columbia Provincial Budget for 2013.

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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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