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Land Ownership Transparency Act – Disclosing beneficial ownership of land

If you hold real property in a corporation, partnership or trust the following information may apply to you. Please contact us if you have any questions.

Last year in May 2019, BC Government enacted the Land Owner Transparency Act (“LOTA”) in its effort to prevent tax evasion, fraud and money laundering. The LOTA will come into full force when the regulations are adopted (which is expected to be in late 2020). The purpose of LOTA is to establish a new registry in BC disclosing the beneficial ownership of land in BC.

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CERB Extension plus EI and Benefit Changes

CERB and EI Changes

The Canada Emergency Response Benefit (CERB), a temporary response benefit to support Canadians who had to stop working due to the pandemic, has been extended up from 24 weeks to 28 weeks ending September 26, 2020. This extension is for any workers who stopped working due to COVID-19, are eligible for Employment Insurance regular or sickness benefits, or have exhausted their Employment Insurance regular benefits or Employment Insurance fishing benefits between December 29, 2019, and October 3, 2020.

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