Buying a residential or commercial property tasks individuals with saving a substantial down payment and managing peripheral costs. Understanding the land transfer tax is essential when purchasing a home is essential as the last thing anyone wants is to encounter during the buying process is an unexpected expense. What is a Land Transfer Tax? One of the lesser-known fees involved …
Remembering Robert Murray
Robert “Bob” Murray June 29th, 1937 – June 17th, 2020 It is with great sadness that George Murray Shipley Bell, LLP (GMSB) announces the death of former partner Robert “Bob” Murray. Bob was a partner with the firm from 1976 to 2007. He was the consummate professional, remarkable for his kindness, wisdom, and generosity. Bob had a profound impact on …
How To Deal With Digital Assets In Estate Planning
In this digital age, it is vital to know how to deal with your Digital Assets such as Login Information and Social Media in your Estate Plan. The article below discusses how to manage those assets in your estate. George Murray Shipley Bell, LLP can help you to be prepared. Contact us for further information and assistance with estate planning …
Risks and Pitfalls of Real Estate Investing
Real estate investing is something clients often ask us about but is an area filled with risks and pitfalls. If you are thinking about investing in real estate make sure you speak with a lawyer first to ensure your investment is protected. The very fringe of real estate investing can be seen in this fascinating article about a Canadian company …
Value of Title Insurance When Purchasing a Home
Clients often ask what value is there in obtaining title insurance when purchasing a home. The article below illustrates one critical situation which is that of municipal work orders. The couple, after purchasing their home, discovered their home was subject to a work order as a result of work performed by a previous owner. The couple claimed under their title …
Your RRSP Can Help You Buy Your First Home
Are you aware of what an RRSP can do for you? If you have not bought a home yet, and are planning to, did you know your RRSP could be used to help purchase your first home? A new report suggests that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings plans can …