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Do I Really Need a Shareholders’ Agreement for My Corporation?

Importance of designating Beneficiaries as part of Estate Planning - Cubelaw

For new entrepreneurs and business owners, it is extremely important to understand the intricacies of corporate management. Among the many decisions to be made, one question that frequently comes up is: Do I really need a shareholders’ agreement for my corporation? The short answer is a yes, and here’s why. The Essence of a Shareholders’ […]

How Will the New Property Transfer Tax Exemptions Starting April 1, 2024, Affect Homebuyers?

Understanding Property Transfer Tax - Cubelaw

Introduction The BC Government has announced amendments in the budget to provide for Property Transfer Tax (“PTT”) Exemptions, particularly for first-time buyers and those looking at newly built homes. Starting April 1, 2024, more people will be able to take advantage of the Property Transfer Tax Exemptions as outlined below. First Time Home Buyers’ Exemption […]

Estate Planning and Real Estate Gifts in British Columbia: Navigating Tax Implications 

Estate Planning and Real Estate Gifts in British Columbia: Navigating Tax Implications - Cubelaw

Estate Planning: Balancing Generosity with Smart Tax Planning In the realm of estate planning in British Columbia, gifting real estate is a common strategy. While it’s a generous way to pass on assets to loved ones, understanding the tax implications is essential for smart estate management. The Tax Nuances of Gifting Property in BC Estate planning often involves […]

Understanding the Two Paths to Business Acquisition

Importance of designating Beneficiaries as part of Estate Planning - Cubelaw

When it comes to acquiring a business in Surrey, BC, or anywhere in Metro Vancouver, entrepreneurs often face a pivotal decision: should they opt for an asset purchase or a share purchase? This decision can significantly impact both the process and outcome of the acquisition. The Foundations of Business Acquisition Strategies In corporate transactions, two […]

Importance of designating Beneficiaries as part of Estate Planning.

Introduction Estate planning is the process of creating an action plan for distribution of your assets after death. Assets can include anything from real estate or a business, to bank accounts, investments and personal belongings. One goal of Estate planning is to minimize fees and taxes and provide for loved ones in a timely manner. One […]