The federal Cannabis Act came into effect on October 17, 2018 (Bill C-45). https://www.parl.ca/DocumentViewer/en/42-1/bill/C-45/royal-assent The use of cannabis is regulated at the local, provincial and federal level. In Calgary, cannabis may be consumed on private property in any form, but not in public places. Medical cannabis can be consumed in public places approved under municipal…
Read more
ALBERTA, ADVANCE CARE PLANNING – “GREEN SLEEVE”
Along with your Will and Power of Attorney, it is also an important part of your estate planning process to consider your health care preferences. In 2014, Alberta became the first province to have a province-wide advance care planning policy, encouraging healthcare providers to talk with patients to learn about their care preferences sooner. Alberta…
Read more
CANADA – First-Time Home Buyer Incentive
On March 19, 2019, Finance Minister Bill Morneau tabled his final federal budget before the election in October. The budget introduced a new program to help first-time homebuyers afford a home. Through the program, CMHC could contribute up to 10% of the purchase price to reduce the mortgage load for buyers. To qualify, a buyer…
Read more
Real Estate – Homeowners Insurance Binder
homeowners insurance binder A document accompanying a homeowner's insurance policy. Its sole purpose is to verify that the homeowner's property is, in fact, properly insured. https://www.superbrokers.ca/library/glossary/terms/homeowners_insurance_binder.php When you purchase a home with mortgage financing, it is a standard requirement of your lender that you obtain home insurance. For example, here are the clauses from a…
Read more