Entries by Del Elgersma

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. […]

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, […]