Benefits of Joint Tenancy

The benefits of estate planning with joint tenancy Estate planning is certainly not a one-size-fits-all model; however, a joint tenancy could be used to help achieve a few common goals, including: ensuring the property passes to the appropriate beneficiary; minimizing income tax and probate fees; and simplifying the estate administration process. Benefits of Joint Tenancy [...]

By |2019-08-23T12:03:55-07:00August 22nd, 2019|Blog, Real Estate, Wills & Estates|

B.C. INTRODUCES RETROACTIVE PROVINCIAL NOMINEE PROGRAM (B.C. PNP) EXEMPTION TO METRO VANCOUVER’S 15% FOREIGN BUYERS TAX

Foreign nationals who hold a nomination certificate under British Columbia’s Provincial Nominee Program are now exempt from Metro Vancouver’s 15% Foreign Buyers Tax. The announcement made by Premier Christy Clark on March 17, 2017, is intended to encourage skilled workers, particularly those working in British Columbia’s expanding technology industry, to make the province home. In [...]

By |2019-07-18T17:23:29-07:00May 31st, 2017|Real Estate|

B.C.’S Home Owner Grant: Principal Residences Valued at $1.6 Million or Less May Now be Eligible

Changes to B.C.’s Home Owner Grant, which reduces the amount of property taxes payable on principal residences throughout the province, have been introduced in response to rising property assessment values. The threshold for home values eligible for the Home Owner Grant has been raised to $1.6 million, a 33% increase from the previous level of [...]

By |2019-07-24T08:46:58-07:00February 10th, 2017|Real Estate|