Entries by Heath Law, Nanaimo Lawyers

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The Effects of Bankruptcy on Family Law Orders

Divorce is an emotionally and financially difficult process, leaving many people on the verge of insolvency. It is important for both parties to a divorce to know that while some types of debts are forgiven upon the completion of bankruptcy, many family law obligations are not. Spousal and child support obligations pursuant to a family […]

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Relief from Forfeiture under a Commercial Lease

Relief from forfeiture is an extraordinary equitable remedy that the courts can apply at their discretion, which allows them to forgive imperfect compliance with a contractual or statutory requirement. In choosing to apply relief from forfeiture, the court is deciding to protect a party against a loss that would otherwise occur from that party’s breach […]

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B.C Land Owner Transparency Register

URGENT: B.C. LAND OWNER TRANSPARENCY REGISTER (“LOTR”) We write to advise that effective November 30, 2021, the B.C. Government requires that any Corporation, Trust or Partnership that owns an interest in real estate must file a Land Owner Transparency Report with the Land Owner Transparency Registry. Failure to file may result in government-imposed penalties. What […]

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Could a Director of a Company be held Personally Liable for a Company’s Income Tax?

Short Answer: Generally, a director will not be held liable for corporate income tax absent misconduct. However, s.160 of the Income Tax Act introduces liability in certain circumstances where assets have been transferred by a taxpayer who owes a tax debt. The purpose behind this provision is to ensure that the CRA is able to […]