Posts by techally
Ask A Lawyer – My property assessment is too high – What can I do?
If you have been a property owner in NB for any length of time, you are accustomed to receiving a tax bill around March 1st of each year and having a few weeks to appeal the assessment. While waiting for the assessment to happen, you would have been obligated to pay the existing bill in…
Read More“Ask A Lawyer” – Tax implications of support payments
If you are a child support or spousal support payer or recipient, as we approach tax season you are likely wondering what the implications of your support payments are. If you are, this post is for you! It is important to keep in mind while you are reading this post that its purpose is informational…
Read MoreSmall Business Taxes
It is a long standing practice for self employed persons with a small business corporation to “sprinkle” income within that corporation amongst family members. This is normally done by issuing difference classes of the corporation shares to each spouse, particularly where the corporation’s business is the source of family income. The spouse who is not…
Read MoreReporting the Sale of a Personal Residence
On October 3, 2016, the Federal Government announced new rules that will require you to report the sale of your personal residence on your income tax return commencing with the filing of the 2016 return. This is a departure from past practice where the sale of a personal residence did not require reporting. There is…
Read MoreWill “Kits”
We are often asked if will “kits” (or the boxed wills that you can purchase from a stationary store) are valid and the answer is yes provided they are completed in the manner required by the <em>Wills Act</em>, RSNB 1973, c. W-9. The difficulty is that most people have no idea what the law requires…
Read MoreNew Brunswick’s Emergency Fuel Benefit
Given the unprecedented length and cold weather that this winter has brought us, many people may be struggling to pay their heating bills. The Province provides some assistance by way of an emergency fuel benefit of up to $550. Examples of emergency situations (taken from the government website): • a high heating bill due to the…
Read MoreRights and Obligations of Common-Law Spouses
Clients often consult with us on whether being in a common-law relationship for a certain length of time means that they have the same rights and obligations as married persons. This is a common misconception as, in fact, particularly when it comes to property, there can be significant differences in the way the law applies…
Read MoreHST Registrant Database
You may be having renovations done on your home for which you are being charged Harmonized Sales Tax (HST). You may want to ensure that the person who is collecting HST is actually registered with the Canada Revenue Agency to do so before you pay the bill. The link below will take you to the…
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