Alexander Holburn

Top 5 facts about B.C.’s new property transfer tax on foreign buyers

On July 25, 2016, the B.C. government announced that it is implementing a new property transfer tax applicable to foreign buyers of residential properties. Here are the top 5 things you need to know about the new tax:

  1. What properties
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Scraping materiality: “…where we’re going, we don’t need roads.”*

Despite its name, a ‘materiality scrape’ is not what happened to Marty McFly in Dr. Emmett Brown’s DeLorean.

In fact, it is a tool that is becoming more popular among counsel for the purchaser in commercial transactions, as a counterbalance …

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The decline of legal opinions in commercial transactions

All lawyers and clients have heard the stories. A commercial transaction is almost closed, and the lawyers spend the entire night and part of the morning before closing, drafting and revising the wording of the legal opinions they are to …

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Personal Property Security Act amended – access to credit made easier for business owners with transferable licences

On September 1, 2012, the Personal Property Security Amendment Act, 2011 (the “Act”) came into force, amending the Personal Property Security Act (“PPSA”). Specifically, by broadening the definition of licences in the PPSA, the Act allows borrowers to use …

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