Wealth Matters

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August 2016

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Zeligs v. Janes: Severing Joint Tenancy

Dwight D. Dee

Joint tenancy is a common form of ownership for family holdings and is often used for estate planning purposes. The main benefit of a joint tenancy is the right of survivorship which provides that when one joint tenant dies, his...

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Additional Property Transfer Tax in BC Effective August 2, 2016

Sandra L. Enticknap, Sharon MacMillan

Effective August 2, 2016, a new tax of 15% of fair market value is payable by “foreign nationals” or “foreign corporations” who acquire “residential property” in the Greater Vancouver Regional District. This tax is in addition to the current Property...

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