Monthly Archives: May 2012

Intercreditor Agreements

An intercreditor agreement is an agreement between two creditors agreeing in advance how their competing interests in their common borrower will be dealt with.

Lenders are often required to address the priority of their loans and security in relation to …

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Buying Property in Canada (British Columbia)

If you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that you can still open a bank account and buy property, etc. If you plan to live in …

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Directors’ responsibilities

Directors’ powers

Subject to a company’s articles, the Business Corporations Act of British Columbia and any contract with the directors, the directors have day to day control and management of a company. In many private companies, the directors are also …

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What happens when your supplier forgets to charge GST/HST on your invoice?

You receive an invoice from your supplier and it doesn’t include GST/HST. You think to yourself “Excellent! I just received a tax break!” Wrong. You are still on the hook for that GST even when your supplier forgets to include …

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