April 2024

Capital Gains Tax Changes 2024: Implications for Real Estate Transactions

As a law firm specializing in conveyancing services, we recognize that tax law changes can significantly impact your real estate transactions. With the 2024 federal budget proposing changes to the capital gains tax inclusion rate, it’s essential for buyers and sellers to understand these implications. Here’s a breakdown tailored to your real estate needs. What […]

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Bridging the Gap to Homeownership: Recent Changes for Canadian Home Buyers

Leave a Comment / Real Estate Law / Melissa Briones

The dream of homeownership is becoming a reality for more Canadians, thanks to recent enhancements announced by the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance. These changes, part of Budget 2024, aim to address the challenges faced by young Canadians in saving for a down payment and qualifying for an affordable mortgage.

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Fostering Diversity in Journalism: The OMNI TV Scholarship Program

Leave a Comment / Education / Melissa Briones

OMNI TV, known for its commitment to multiculturalism and inclusivity in Canadian broadcasting, extends its support beyond the airwaves through the OMNI TV Scholarship Program. This initiative aims to empower talented individuals pursuing post-secondary studies in journalism-related fields, with a particular focus on ethnic and third-language journalism. By investing in the education of aspiring journalists,

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CRA’s 2023 Bare Trust Relief: What You Need to Know

Leave a Comment / Wills & Estates / Melissa Briones

The Canada Revenue Agency (CRA) has recently announced a significant relief for bare trusts for the 2023 tax year. Here’s a breakdown of the key points: Relief Announcement The CRA declared that bare trusts are exempt from filing a 2023 T3 Return unless the CRA makes a direct request for these filings. This also includes

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Bank of Canada’s Interest Rate Announcement: What This Means to the Canadian Property Market

Leave a Comment / Market Updates, Real Estate Law / Melissa Briones

Are you considering investing in Canadian real estate? The recent press release from the Bank of Canada offers valuable insights that could shape your decision-making process. Let’s start by understanding what the Bank of Canada recently announced before delving into its implications for potential property buyers. The Bank of Canada has decided to maintain its

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Conveyancing and Real Estate: Like Two Peas in a Pod

Leave a Comment / Real Estate Law / Melissa Briones

Buying or selling property is a significant undertaking that comes with its fair share of concerns and complexities. From navigating legal jargon to ensuring all necessary documents are in order, the process can be daunting for even the most seasoned individuals. At Northam Law, our team of experienced real estate lawyers and conveyancers understands the

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Building Liens Unveiled: How They Influence Your Property Investment

Leave a Comment / Real Estate Law / Melissa Briones

When purchasing a property, there are many factors to consider, from location and price to condition and legal status. One often overlooked aspect of property transactions is the presence of building liens, which can have significant implications for both buyers and sellers. Building Liens Defined Building liens, also known as construction liens or mechanic’s liens,

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Unraveling Canada’s Foreign Buyer Ban: Understanding Your Rights

Leave a Comment / Special Feature / Melissa Briones

The Prohibition on the Purchase of Residential Property Act, commonly known as the Foreign Buyer Ban, came into effect on January 1, 2023, to address Canada’s housing crisis. Originally set to expire in 2025, it has since been extended to January 1, 2027. Understanding the Ban Non-Canadians are prohibited from buying residential properties with three

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Capital Gains Tax Changes 2024: Implications for Real Estate Transactions

Bridging the Gap to Homeownership: Recent Changes for Canadian Home Buyers

Fostering Diversity in Journalism: The OMNI TV Scholarship Program

CRA’s 2023 Bare Trust Relief: What You Need to Know

Bank of Canada’s Interest Rate Announcement: What This Means to the Canadian Property Market

Conveyancing and Real Estate: Like Two Peas in a Pod

Building Liens Unveiled: How They Influence Your Property Investment

Unraveling Canada’s Foreign Buyer Ban: Understanding Your Rights

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