CLE Online

Day 1: Thursday, October 10, 2024

Course Introduction and Land Acknowledgement (9:00 – 9:10)

Teresa Sheward — Program Lawyer, CLEBC, Vancouver
Sergio C. Custodio — Bennett Jones LLP, Vancouver
Navnit Duhra — Miller Titerle + Co., Vancouver

Statement of Adjustments (9:10 – 9:45)

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

Dharam Dhillon — Wilson Rasmussen LLP, Surrey

Drafting the Purchase Contract (9:45 – 10:25)

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

Lisa A. Frey — Lawson Lundell LLP, Vancouver

BREAK (10:25 – 10:40)

Commercial Property (10:40 – 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

Timothy J. Lack — Redpoint Law LLP, Vancouver

Common Income Tax and GST Issues (11:20 – 12:05)

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

Hardeep Gill — Fasken Martineau DuMoulin LLP, Vancouver

LUNCH (12:05 – 12:50)

Realty Specific Taxes and PST (12:50 – 1:35)

• Realty Specific Taxes—overview and common issues
  • Property Transfer Tax
  • Foreign Buyers Tax
  • Empty Homes Tax
  • Speculation and Vacancy Tax
  • Underused Housing Tax
  • related considerations
• key practice points

Zheting Su — Thorsteinssons LLP, Vancouver

Questions and Discussion (1:35 – 2:00)

Navnit Duhra — Miller Titerle + Co., Vancouver

Day 2: Thursday, October 11, 2024

Course Introduction and Land Acknowledgement (9:00 – 9:10)

Teresa Sheward — Program Lawyer, CLEBC, Vancouver
Sergio C. Custodio — Bennett Jones LLP, Vancouver
Navnit Duhra — Miller Titerle + Co., Vancouver\

Due Diligence (9:10 – 9:45)

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

Sasha Platz — Miller Titerle + Co., Vancouver

Closing Procedures (9:45 – 10:20)

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

Sarah Batut — Fasken Martineau DuMoulin LLP, Vancouver

BREAK (10:20 – 10:35)

Undertakings (10:35 – 11:00)

• ethical considerations
• nature of undertaking
• general guidelines

Aneez Devji — Richards Buell Sutton LLP, Vancouver

Mortgages (11:00 – 11:30)

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

Shoshanah Webber — Dentons Canada LLP, Vancouver

Questions and Discussion (11:30 – 11:45)

LUNCH (11:45 – 12:30)

Regulatory Disclosure and Transparency Requirements (12:30 – 1:10)

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

Wil Chan — Dentons Canada LLP, Vancouver

The Collapsing Deal: When Things Go Wrong (1:10 – 1:50)

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

Daniel Byma — Fasken Martineau DuMoulin LLP, Vancouver

Closing Questions and Comments (1:50 – 2:00)

Navnit Duhra — Miller Titerle + Co., Vancouver