In an era of high demand and higher bids for homes, buyers who write warm personal letters to sellers often win the bidding war and buy the house they want. This is a growing trend that some realtors say ‘must’ be part of an offer if a buyer wants to have any hope of purchasing the property.
Beware of capital gains tax when buying a non-resident’s property
Buying a house is very expensive. Paying capital gains tax to the Canada Revenue Agency (CRA) is the last thing a purchaser wants to do. But this happens when purchasers buy property that is owned by a non-resident of Canada without working with a lawyer experienced in these types of transactions.
Farmers, labour advocates call for business law changes
Labour shortages are a constant concern for farms across the country, with many farmers seeking temporary foreign workers to fill in the gaps. Twenty groups representing various Alberta farmers have recently begun lobbying for a review of the business law related to this important issue. The agricultural industry says 2014 changes to the law, designed to remove loopholes and prevent abuses, are making it difficult to bring in the workers they need.
