Entries by Del Elgersma

FEDERAL INCORPORATION FEES REDUCED

The fees to incorporate and maintain a federal corporation have been substantially reduced. Yes, you read that correctly: the fees were cut in half, effective April 1, 2001. For example, the federal incorporation fee has been reduced from $500 to, depending on the method of incorporation, $200 to $250. According to a regulatory impact analysis […]

MANDATORY MEDIATION EXPANDED

The BC government has greatly expanded the scope of court actions to which mandatory mediation may apply. Under the new rules, any party to a Supreme Court action can make an assessment that mediation would be productive, and then require the other parties to attend a mediation session. In some cases, mediation can be faster, […]

NEW LICENSING FOR LEAKY CONDO REPAIRS

In 1999 the B.C. government implemented the Homeowner Protection Act, creating the Homeowner Protection Office, and requiring compulsory licensing for builders and mandatory warranty coverage on new homes (click here to see ourarticle about the Homeowner Protection Act). Under new regulations that came into force on October 1, 2000, repair contractors who arrange, manage or perform building […]

Why Incorporate?

A common question asked by entrepreneurs starting a business is “Should I incorporate?” The most common answer is: “It depends”. A business is owned either as a proprietorship, a partnership, or a corporation. Proprietorship A business owned by one individual (a “sole proprietor”) is a proprietorship. This is the simplest form of business structure, as […]