British Columbia Introduces Benefit Companies Under the British Columbia Business Corporations Act

Effective June 30, 2020, a new type of British Columbia company, a “benefit company”, was introduced under the British Columbia Business Corporations Act.  While popular in the U.S., British Columbia is the first jurisdiction in Canada to introduce…

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Corporations, Ownership Transparency and the New Rules

The legal, regulatory and compliance landscape in Canada has changed, and will likely continue to change, for corporations, their shareholders and their advisors. As of June 13, 2019, the Federal Business Corporations Act (Canada) (the “CBCA”) was amended…

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New Disclosure of Benficial Ownership in British Columbia

The British Columbia New Democratic Party Government, has introduced legislation, to force the disclosure of the benefical ownership of real estate and shares of Britis Columbia corporates.

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Legal Issues for Start-Ups

There are many legal considerations for businesses in the developmental stages, including the appropriate corporate structure, financing, protecting intellectual property, founder’s rights and obligations and protecting the business from future litigation. We have set out below a description…

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How To Prepare a Will to Manage Your Estate

How To Prepare a Will to Manage Your Estate You are willing to plan and secure that your estate will be passed to the beneficiary(ies) you chose, but you are wondering how to implement your wishes. The preparation…

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Shareholders’ Agreement – A Primer

A shareholders’ agreement sets out rights and obligations of the shareholders of a company and permits shareholders to participate in managing certain affairs of the Company.

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Land Owner Transparency Act

The Government of British Columbia has committed to a 30-Point Plan for Housing Affordability.  A part of the recently announced plan, involves the ending the “hidden ownership” of real estate to make sure people are paying their fair…

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Mortgage Stress Tests in Canada

The Canadian government is trying to cool the hot real estate markets in metropolitan cities such as Vancouver and Toronto, by rolling out new rules on mortgage lending.  The most recent of these measures, are the rules implemented…

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Estate Executor Responsibilities and Liabilities

Introduction If you have been informed that you are the executor of a will, you should be aware that this role comes with various responsibilities and liabilities. Responsibilities and Liabilities The basic responsibilities of an executor are to…

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Vancouver Empty Homes Tax

Effective January 1, 2017, Vancouver home owners are subject to an empty home tax of 1% of the property’s assessed value (the “Tax”), pursuant to Vacancy Tax By-law No. 11674 (the “By-law”). In accordance with the By-law, all…

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