CLE Online

Day 1

Welcome and Land Acknowledgement (9:00 - 9:10)

Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton — Stikeman Elliott LLP, Vancouver

Statement of Adjustments (9:10 - 9:30)

• purpose
• specific types of adjustments
• tax
• rent
• commissions
• holdbacks

Dharam Dhillon — MEP Business Counsel, Vancouver

Questions & Discussion (9:30 - 9:35)

BREAK (9:35 - 9:50)

Drafting the Purchase Contract (9:50 - 10:25)

• parties and property
• representations
• conditions
• amendments
• assignments

Stacey J. Handley — Gowling WLG, Vancouver

Questions & Discussion (10:25 - 10:30)

BREAK (10:30 - 10:45)

Commercial Property (10:45 - 11:20)

• who is the seller?
• who is the buyer?
• what is being bought/sold?
• leases
• service contracts and equipment leases
• project documents
• labour and employment
• purchase price
• environmental

Neil Davie — Norton Rose Fulbright Canada LLP, Vancouver

Questions & Discussion (11:20 - 11:25)

LUNCH BREAK (11:25 - 12:05)

Common Income Tax and GST Issues (12:05 - 12:45)

• Income Tax
  • transactional considerations
  • principal residence
  • non-resident vendors and withholding
•  Goods and Services Tax
  • when applicable
  • special considerations

Hardeep Gill — Fasken Martineau DuMoulin LLP, Vancouver

Questions & Discussion (12:45 - 12:50)

BREAK (12:50 - 1:05)

Realty Specific Taxes and PST (1:05 - 1:50)

• realty specific taxes—overview and common issues
  • Property Transfer Tax
  • Foreign Buyers Tax
  • Empty Homes Tax
  • Speculation and Vacancy Tax
  • related considerations
• PST
  • real property contractors
  • fixtures
• key practice points

Zheting Su — Thorsteinssons LLP, Vancouver

Questions & Discussion (1:50 - 1:55)

Closing Remarks (1:55 - 2:00)

Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton — Stikeman Elliott LLP, Vancouver

Day 2

Welcome and Land Acknowledgement (9:00 - 9:10)

Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton — Stikeman Elliott LLP, Vancouver

Due Diligence (9:10 - 9:40)

• title review
• types of searches: what to search and why
• material contract and document review
• additional considerations for specific transactions
• title insurance

Navnit Duhra — Miller Titerle + Co., Vancouver
Peter Eirikson — Miller Titerle + Co., Vancouver

Questions & Discussion (9:40 - 9:45)

BREAK (9:45 - 10:00)

Closing Procedures (10:00 - 10:20)

• payment of funds
• registration order
• coordination with lenders
• electronic registration

Sarah Batut — Fasken Martineau DuMoulin LLP, Vancouver

Questions & Discussion (10:20 - 10:25)

BREAK (10:25 - 10:40)

Undertakings (10:40 - 11:00)

• ethical considerations
• nature of undertaking
• general guidelines

Aneez Devji — Richards Buell Sutton LLP, Vancouver

Questions & Discussion (11:00 - 11:05)

BREAK (11:05 - 11:20)

Mortgages (11:20 - 11:45)

• key components of a mortgage
• lender requirements
• due diligence affecting mortgages
• priority issues
• mechanics of funding and registration

Laura Smith — Fasken Martineau DuMoulin LLP, Vancouver

Questions & Discussion (11:45 - 11:50)

LUNCH BREAK (11:50 - 12:30)

Regulatory Disclosure and Transparency Requirements (12:30 - 1:00)

• know your client obligations
• handling funds
• Land Owner Transparency Act

Wil Chan — Dentons Canada LLP, Vancouver

Questions & Discussion (1:00 - 1:05)

BREAK (1:05 - 1:20)

The Collapsing Deal: When Things Go Wrong (1:20 - 1:50)

• elections on breach of contract
• tender
• specific performance
• restrictions on dealing with land pending litigation
• damages
• claiming the deposit

Shane D. Coblin — Kornfeld LLP, Vancouver

Questions & Discussion (1:50 - 1:55)

Closing Remarks (1:55 - 2:00)

Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver
Rachel V. Hutton — Stikeman Elliott LLP, Vancouver