Buying a condo? Then you should be extra careful about what the monthly fees will be. Generally, the status certificate will show what the current fees are. It will also state whether the condo board anticipates any special assessments in the near future. Most...
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cesia@wall-arm.ca
Are you capable?
A lot of people leave will drafting until the very last minute; sometimes, we get calls from people panicked that their elderly mother or father needs to enter into long-term care and needs a power of attorney in a hurry. The question then becomes: are they capable?...
Survey says
Almost all real estate deals will come into my office with a provision for the seller to provide a survey. If you are selling, be careful: you don’t want to offer more than you have. First, to be a survey, it must have a proper mark on it from a licenced surveyor....
New year’s resolutions
Here are three things you can do to start your year off right: Check your beneficiary designations. Are your RSPs, TFSAs and life insurance still going where you want them to? Check your social media and email accounts. Do you know what will happen to them when you...
Alarming
Many more people these days have alarm systems. These systems, like a hot water heater, are often rentals that are to be assumed by the buyer of the home. Be careful, however: sometimes they have particular rules about assumption, and sometimes the buyer will not want...
A little jargon
Last week, I was given the opportunity again to post on the Peaceful Transition blog. You can see my post, about estates terminology, here. Thanks again to Tara and Linda for the opportunity!
Getting credit
If you are a first-time buyer, you are eligible for tax credits for costs associated with buying your first home. Items like legal fees, land transfer tax, and other costs associated with buying your home are open for a claim on your income taxes the following year....
Do you want Prince Charles to inherit your estate?
Here’s a reason to have a will if you live in Cornwall: there, if you die without a will, your entire estate goes to the Prince of Wales. No joke: in the last six years, he has received over one million pounds from intestate estates. Get a will. Now.
Happy holidays!
I hope that you are enjoying time with your families. I will be taking a break from blogging for the next two weeks, and look forward to sharing more information and interesting stories in the new year.
First-timer benefits
The Home Buyers’ Plan is a plan that allows a home buyer to withdraw funds from most registered retirement savings plans (RRSPs) in order to buy or build a qualifying home either for you, or a relative that has a disability. Some RRSPs that do not allow any...