Entries by Del Elgersma

B.C.’s BUILDERS LIEN ACT

B.C.’s Builders Lien Act came into force on February 1, 1998. It updated and in some cases significantly changed the law under the former Builders Lien Act. Overview of the ActThe objectives of the Builders Lien Act are to ensure that construction funds are used for their intended purpose, and to protect those who add […]

PROTECT YOUR INTEREST IN YOUR HOME

Steve McKenzie, Retired Retailer Now an elderly widower, Steve McKenzie once owned and managed a popular downtown department store in a small city on the mainland. This father of three has accomplished much for his family. After his wife of 52 years passed on, he bought a house on the south island with his youngest daughter, […]

MARRIED OR COMMON-LAW – THERE IS A DIFFERENCE

The Supreme Court of Canada recently issued another ruling on the issue of common-law relationships. In Nova Scotia v. Walsh, the Supreme Court of Canada was asked to consider whether provisions in the Nova Scotia Matrimonial Property Act, which make a distinction between formal marriages and common-law relationships, should be ruled unconstitutional because they contravene […]

WHAT’S THE BIG SECRET?

You may have heard that everything you tell your lawyer is protected by solicitor-client privilege. What does that really mean? As lawyers we follow a professional code of conduct to safeguard our clients’ interests. The code of conduct includes rules about confidentiality. These ‘solicitor-client privilege’ rules are far-reaching. Except in very limited circumstances: we hold […]

NEW INCORPORATION FEES

The BC government announced in February that certain business fees would be increased and some new fees would be introduced. The fee to register an unincorporated business (proprietorship or partnership) goes to $40 from $30. The fee to incorporate a company will increase to $350 from $300. These fee increases are anticipated to come into […]

POWERS OF ATTORNEY – THEY’RE HERE TO STAY

In 2000, new estate planning laws increased the ability for British Columbians to plan for a potential future disability through injury or illness. Using a new type of agreement, called a Representation Agreement, you could make legally valid instructions for another adult to manage not only your financial, property and legal matters, but also your […]

Home Buyers – Beware of Broken Promises

One of the most exciting decisions we make involves the purchase of a new home. While the experience can be exhilarating, finding the perfect home can be challenging even for a sophisticated buyer. We find a home we like, but often with a few small problems. For example, the landscaping is not quite finished, or […]

NEW RULES FOR RAISING CAPITAL

One of the biggest challenges for any new business is raising the money needed to get the business started. Many entrepreneurs start with a loan from family, friends or a financial institution. For companies based on a new concept or technology, a bank loan may not be available until the product or service is proven. […]