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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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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 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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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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The Perils of Joint Tenancy with Children

A recent case decided by the Supreme Court of British Columbia, Eng (Re), demonstrates the risk parents take when adding their children to title to their property in joint tenancy.  Adding a child as a joint tenant on…

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An Oil Tank Surprise

In a recent case from the Supreme Court of British Columbia, A Speedy Solutions Oil Tank Removal Inc. v. Horvath Estate the Executor of the Horvath Estate had entered into a contract to sell the estate real property…

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British Columbia – Environmental Protection and Landowner Rights

On March 29, 2010, the Government of British Columbia announced that it intended to introduce into the British Columbia legislature, a bill to amend the Oil and Gas Activities Act and the Petroleum and Natural Gas Act. Amendments…

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Brazil: Residential Property Mortgages for Foreign Investors Coming

Financial impediments for foreign investors come in many shapes and sizes.  In this instance, Brazil is acknowledging the problem of a dearth of residential mortgage lending, to foreigners looking to acquire a home in Brazil.  Although in theory…

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