If you are purchasing a newly constructed or substantially renovated residential property for rental purposes, the purchase price will be subject to goods and services tax (“GST”). However, you may qualify for a rebate of a portion of the GST payable through the Canada Revenue Agency’s (“CRA”) “GST/HST New Residential Rental Property Rebate.” The GST/HST […]
Buying a new home? You may qualify for a GST Rebate!
Goods and Services Tax (“GST”) will typically be collected on the sale prices of most goods and services in Canada. Although GST does not need to be collected in respect of every home purchase, if you are looking to buy a newly constructed or substantially renovated home, the entire purchase price will be taxable. Fortunately, […]
Does your Corporation need a Unanimous Shareholders Agreement?
A Unanimous Shareholders Agreement (“USA”) is a written agreement between a corporation and all of its shareholders that sets out the manner in which the corporation will be managed and governed. It sets out the rules and procedures to be followed by the corporation with the intent of reducing the potential for disputes. It is […]
Position Available: Legal Assistant/ Paralegal
We are looking for a positive and energetic person to join our team. The focus will be on residential and commercial real estate conveyancing and financing transactions, mobile home transactions, and corporate/commercial matters. We are seeking someone with 3+ years of experience working as a legal assistant/paralegal in these areas. The salary is competitive, with […]
The Importance of an Offer to Lease
An Offer to Lease is often just as important, if not more important, than the actual lease agreement when dealing with commercial tenancies. They are most often binding on the parties, therefore, a tenant should take special care to ensure that all terms stated in the Offer to Lease are acceptable. While some people tend […]
CMHC Insurance Premiums Increased!
The Canada Mortgage and Housing Corporation (“CMHC”) has announced that it will increase the premiums to be paid by homeowners when obtaining a mortgage with less than 20% equity in the property. The premiums will increase by an average of 15%. The increase in premiums will result in greater costs to persons buying a home […]
Mandatory New Home Warranties in Alberta
The New Home Buyer Protection Act came into force in Alberta on February 1, 2014 and makes it mandatory for every new house or condo (commenced after February 1, 2014) to come with a third-party new home warranty program. All builders must now be registered with a Registry set up under the Department of Municipal […]
Why you need a Personal Directive (a.k.a. “Living Will”)
A Personal Directive, commonly known as a Living Will, is a document which allows a person (the “Maker”) to designate another person (the “Agent”) to make decisions regarding non-financial personal matters, such as medical treatment, residence and social activities if the Maker becomes mentally incapable of making these decisions on their own. The Personal Directive […]
What are Dower Rights in the Context of Selling a Home?
Dower Rights are rights given to a married person in the couple’s “homestead” when only one spouse is named on title. Dower Rights arise when either spouse has resided on the property at any time during the marriage. Dower Rights are intended to ensure that that the spouse on title does not dispose of the […]
Office Open
Our office is very fortunate not to have been affected by the flooding in Calgary, therefore, our office will be open during our normal business hours (Mon – Fri from 8:00am to 5:00pm). There are no issues with accessibility to our office. KH/Dunkley Law Group […]
