Foreign Ownership of Land Amendments
Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act and the Regulations It didn’t take long for the government to recognize how this ban essentially discourages new comers to establish their roots in Canada and consider our country their new home. Amendments have been introduced on March 27, 2023. Noting the […]
Did You Know That The “Squatter’s Rights” In Alberta Has Been Abolished?
Last December 15, 2022, the Property Rights Statutes Amendment Act took effect. Prior to this Act, a person who has been adversely occupying private owned lands has the potential to go to Court and claim ownership. Only public land, municipal land and irrigation were protected. The new Act abolishes the ability of adverse possessors to […]
Flippers Beware: Anti Flipping Rules Are In Effect!
This 2023, in the desire to generate more income, the federal government is also cracking down certain individuals engaged in flipping residential real estate and improperly reporting the sales as business income. Principal Residence Exemption When a home qualifies as a principal residence, the income from the sale of such home may be exempt from […]
Service by email – no longer requires an Order Deeming Service Good & Sufficient
SERVICE OF COMMENCEMENT DOCUMENTS – ORDER VALIDATING SERVICE NO LONGER REQUIRED WHEN THERE IS ELECTRONIC ACKNOWLEDGMENT FROM THE DEFENDANT Recently, the Court of King’s Bench released a memorandum of the decision made by the Honourable Applications Judge B.W. Summers, Toronto Dominion Bank v Halliday, 2022 ABKB 764, (“Halliday”) which provides guidance as to when an […]