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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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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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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Depreciation Reports: Buying a Condo, and What it Means for You

The Depreciation Report will prove very advantageous for both current condo owners and prospective buyers, who will now have a much clearer picture of what state the building is currently in and what kinds of costs they can…

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Court Ordered Liquidation and Dissolution

Recently in the Supreme Court of B.C. a decision was released, Higginson v. R.T.D. Enterprises Ltd., regarding a court ordered liquidation and dissolution of a Company.  In this case two brothers, Reggie and George Higginson were the only…

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No Will – More Worries?

The Supreme Court of British Columbia has recently heard and decided upon an estate dispute (Souraya v. Kinch), which concerned the estate of Billy Jaswant Singh Rai, who was involved in criminal gang activities for many years. Billy…

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The Ongoing Problems of Dual Class Share Structures

The underlying tension between Telus and Mason, relates to the proposed alteration to the share structure of Telus, and the resulting elimination of the distinction between Telus shares that have a right to vote, and those that do…

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