News & Events

Remember to Claim the Home Owner Grant and pay Property taxes!

Posted by on Jun 14, 2017 in Blog | 0 comments

Remember to Claim the Home Owner Grant and pay Property taxes!

Dear Clients,

 

Hoping that this letter reaches you in good health and that you are enjoying your home. I just wanted to remind you that the Property Taxes are due July 4, 2017 on the property that you purchased this year.  You should have received a tax notice from the City by mail but if you haven’t I recommend that you stop by the City or Township Hall and ask them to print out the Tax notice for you.  Don’t forget to claim a Home Owners Grant if you occupy this property as your principal residence.

 

If your lender collects money toward property taxes please verify with City or Township that taxes were paid in full prior to July 2nd or you may incur penalties for late payment. Usually you can receive a tax certificate from the City or Township at no charge at this time of the year.

 

Feel free to contact me if you have any questions,

 

Sincerely,

 

Irina Bartnik

Notary Public

Increase in the threshold for First Time Home Buyers on the PTT.

Posted by on Feb 22, 2017 in Blog | 0 comments

Increase in the threshold for First Time Home Buyers on the PTT.

The threshold for the First Time Home Buyers on the PTT was increased to $525,000.00 ( it is pro-rated between $500,000.00 and 525,000.00) as of yesterday ( see link below) .  No news so far about changes to the PTT tax for the foreigners.

http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/first-time-home-buyers

 

The property assessment numbers are up!

Posted by on Jan 4, 2017 in Blog | 0 comments

The property assessment numbers are up!

The property assessment numbers are up!

You can check on-line what is your property assessed at:)

Click on the link below:

https://evaluebc.bcassessment.ca/

Insurance on Strata, do I need one?

Posted by on Dec 23, 2016 in Blog | 0 comments

Insurance on Strata, do I need one?

ABSOLUTELY! Yes, this picture is painfully familiar to everyone that lives in Langley area. If you are purchasing Strata unit or if you are renting  Strata unit, you need to have your own insurance in place. Nine times out of ten when we advise our clients that they need to have their own insurance in place when they are purchasing Strata unit , I see surprised look on their face. Please read the article attached, it is  from one of our old Scrivener magazines. It explains more about Strata insurance and claims.

Insurance-Scrivener-Click-here

Why are you asking?

Posted by on Dec 9, 2016 in Blog | 0 comments

Why are you asking?

Why are you asking?

If your Notary is acting you a question, and needs more information, there is usually a reason for it. We are not just nosy professionals; we want to make sure your best interests are protected. We are not here to simply whiteness your signatures; we are also here to make sure that what you signing, is in your best interests…

For example, I had a situation yesterday where young men was signing documents for the purchase of the property. He was purchasing it all by himself, but I could see a wedding band on his hand….. So I asked him ( being a nosy Notary that I am) why his wife is not going on title… The reason that he provided did make sense to him, but was lacking long term planning…. and he did not have a Will in place.

It is advisable for the spouses to go on title together for the estate planning purposes. I explained to the client that not only he needs to have a Will done right away, to protect his wife and his children. Also, if something would happen to him where he dies, his wife would have to pay a probate fees to the government on this house ( $14.00 on each $1000.00) before she gets the house that she lives in anyway… Sounds silly, but this is how our laws operate.

That is why it is always important that if you hear that super “creative” idea from your friend or colleague, run the scenario by your Notary first, see what he/she thinks. Short phone call can save you lots of money.. And we are not charging by the minute, we are here for you to pick our brainsJ

At the end client learned something new and left very happy. We are here to serve- another good deed –done. Bragging rights? – AbsolutelyJ

What is your name on the POA and Title, and do they match?

Posted by on Oct 13, 2016 in Blog | 0 comments

What is your name on the POA and Title, and do they match?

What is your name on the POA and Title, and do they match?

POA stands for Power of Attorney and it is very important that your name on the Power of Attorney document and on the Title to your property are the same.

All the Real Estate transfers that deal with the transfer of land get registered in Land Title office. Land Title office has very strict guidelines on the requirements to Power of Attorney. If for some reason the owner of the property cannot sign the transfer documents at the Notary office, then “Attorney” ( has nothing to do with the lawyer, just a family member) can sign on the owners behalf using document Power of Attorney. The Power of Attorney document gets filed in Land Title office. When transfer of the property is filed, Land Title officer carefully examines the Power of Attorney and Title and makes sure that names match. I name of the Seller on the Power of Attorney document and on Title is even one letter off, the transfer cannot happen, i.e . property cannot be sold.

How is it possible that names do not match, you ask? You will be surprised how many people change their name just because they do not like it… One year they use middle name, one year they decide not to use it, some people change their name entirely and somehow manage to have new name displayed on the ID. Some people have multiple names and it is impossible to fit them all on the ID. If Power of Attorney was prepared back when your name was different and now that you are purchasing the property, your name is changed, the Power of Attorney that you prepared back in the days will no longer be valid for Land Title purposes.

Your homework for today is to find your Power of Attorney and compare that your names match as and do the same for your aging parents. Call Irina Bartnik Notary Public in Cloverdale, BC is you have a mismatch and you need to make changes.

Why do I need a Will when I own a house?

Posted by on Oct 7, 2016 in Blog | 0 comments

Why do I need a Will when I own a house?

Why do I need a Will when I own a house?

If you and your spouse own a property as “joint tenants” ( you can get the confirmation of that from the Title search). Then, if one of you dies the other becomes the owner of the property; property does not have to go though the probate.

If you and your spouse own a property as “tenants in common” ( if “Joint tenants” designation does not show on your title search), or if you each own certain percentage 99% / 1%, or if only one of you is on title of to the property, then if one of you dies, the portion that deceased person owned in the home, will have to go through the probate. In order to go though probate, probate fees (“death tax”) will have to be paid and you MUST HAVE a valid Will.

There are pros and cons to each type of ownership, please make sure to discuss those prior to the purchasing of the property. Already own the property? …. it is not too late to have this conversation, Call Irina Bartnik Notary in Surrey, BC, to ask any questions about this topic.

How to become a BC Notary? #bcnotary

Posted by on Oct 4, 2016 in Blog | 0 comments

How to become a BC Notary? #bcnotary

How to become a BC Notary?

The process consist of 3 parts:

  1. You have to submit the application and be approved by a Membership and Credentials Committee of Society of Notaries.
  2. You have to be accepted by SFU for the Masters program called Masters of Arts in Applied legal Studies ( MAALS) and successfully complete the degree.
  3. Complete Practical Training after successful completion of Masters Degree and then open your own practice.

Have what it takes? Please see below the link to the detailed information on how to apply 🙂

http://www.notaries.bc.ca/resources/showContent.rails?page=Education

What does new CMHC rule means to you , Buyers?

Posted by on Oct 3, 2016 in Blog | 0 comments

What does new CMHC rule means to you , Buyers?

What does new CMHC rule means to you , Buyers?

As of October 17, 2016, in order to qualify for the mortgage, you will have to be approved based on posted interest rates. As per this article attached, if before you were able to qualify for $665,000.00 mortgage, after the new rules are implemented , you would be able to qualify for a mortgage of $505,762.00 only. Result of all this, the only real estate that most buyers will be able to qualify for, will be apartments and town homes. I think prices for apartments and town homes will be going up, while prices for single family homes will be going down as a result of buyers not being able to qualify. What do you think?

http://www.cbc.ca/news/business/ottawa-housing-tax-real-estate-1.3788725

ALL on Off-road vehicles (ORV) must be registered…

Posted by on Apr 25, 2016 in Blog | 0 comments

ALL on Off-road vehicles (ORV) must be registered…

Fun on Off-road vehicles (ORV) can be very expensive if you do not have them registered…

  • Golf carts
  • Snow vehicles
  • Snowmobiles
  • All-terrain vehicles (ATV)
  • Trucksters, and
  • Restricted use motorcycles (RUMs)

 

Did you know that as of November 1, 2015 all ORV must be registered and display ICBC number and sticker? The fines for unregistered ORV were just increased to $230.00 per unit. If you do not have your ORV registered, it could be a very expensive trip for the family of four.

To avoid this unpleasant situation, simply stop by ICBC office and pick up the statutory declaration form, that you can sign in front of Notary Public, stating on when and how you acquired your ORV. Once you present this statutory declaration to ICBC office, they will be able to register ORV for you.

Please remember to make reservations for your Notarization.

More info:

http://www.icbc.com/vehicle-registration/specialty-vehicles/Pages/Off-road-vehicles.aspx