NON-Standard Provisions

Section 9 of the Representation Agreement Act for information

Section 7 of the Representation Agreement Act

Power of Attorney Act, 2011, Parts 2

(British Columbia)

Duties of attorney

I was very happy to learn that for the 3rd straight year, we’ve been voted First Place in the Georgia Straight’s Best of Vancouver in the category of “Lawyer (or Notary) to use when Buying or Selling Real Estate”.

Home Buyer’s Amount – Line 369

First Time Home Buyer’s Tax Credit

Did you purchase a home in Canada in 2010?  Was it your first time, or at least first time since 2004 that you lived in a property that you owned?  If you did, chances are you or your spouse can claim a $5,000 credit on your 2010 Canadian Personal Income taxes.  To do so, follow the instructions for Line 369 – Home Buyer Amount.

Vancouver Notary Public; David Watts, has recorded this 11:30 minute video to describe in a step by step way; exactly what the Conveyancing process is for transferring Property in British Columbia.

As we approach the end of the year one of the things you may not be thinking about is claiming your Home Owners’ Grant. The Home Owner’s Grant is a base amount of $570.00 off your property taxes if the property is your primary resident; this amount is different if you are a senior citizen. What is important to remember is that if you’re a First Time Home Buyer and your lender pays your property taxes on your behalf, this process needs to be done by you.

David Watts, Notary Public discusses his process for preparing Wills.

When you are purchasing property in British Columbia there is an exemption for property transfer tax for first time home buyers’. In order to claim this exemption there are five qualifications that need to be met.

After winning Georgia Straight’s Best of Vancouver – Lawyer/Notary to use for Buying and Selling Real Estate for 2009, David Watts, Notary Public has been voted Georgia Straight’s Best of Vancouver – Lawyer to use for Buying and Selling Real Estate for 2010.

To Efile means to electronically file real estate documents with the BC Land Title Office using their “Electronic Filing System” or “EFS”. Some Notary and law offices take the original signed documents, drive them down the Land Title Office in New Westminster, have them stamped there and then have them driven back. This form of registration is slow, expensive and involves unnecessary car trips. What our office does is E-File the transaction; which means we take your original signed documents; I sign the documents with an adobe digital signature and then have them uploaded to the BC Land Title Office via the provincial government’s BC Online Electronic Filing System. This service is faster, easier and more cost effective.

One of the things notary public’s prepare is Powers of Attorney. We had a client come in with a really good idea for a Power of Attorney; her son is going away to school in Ontario, and so he gave his mom Power of Attorney. This was done so that while he is away at school if there is anything that needs to be signed for him in Vancouver it can be done by his mom.