1510 – 999 West Hastings St. Vancouver, BC V6C 2W2
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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…
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…
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…
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…
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…
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…
Wills, Estates and Succession Act Coming into Force
The long awaited Wills, Estates and Succession Act (“WESA”) will be coming into force on March 31, 2014 and it will bring with it many changes to the current wills, estates and succession laws in British Columbia. Consequently,…