How does the new Additional Property Transfer Tax on Residential Properties for Foreign Entities in the GVRD affect me?

Real Estate, Uncategorized

You would think that if you are a Canadian citizen or permanent resident it doesn’t, or if you are a non-resident purchasing outside the GVRD it doesn’t.  EXCEPT along with the new 15% tax on residential properties for foreign entities, there are now new requirements where transactions involve Canadian citizens and permanent residents with respect to their identity.  Their identity…

Q. I keep hearing about these “Representation Agreements” but my understanding is that because my husband and I already have Enduring Powers of Attorney, Representation Agreements are not required. Is that not the case?

Power of Attorney, Representation Agreements, Uncategorized

A.  Absolutely not!  Powers of Attorney, enduring or otherwise, are for legal and financial matters only.  If your intention is to appoint someone to be able to make health and/or personal care decisions for you, the only way to do that in British Columbia is to appoint them under a Representation Agreement.