Corporate or Individual Are you purchasing as an Individual or a Corporation? How many Purchasers are going to be on title? This section is if you are purchasing something you do not already own- land, house, manufactured home, etc. If you are not Purchasing, please return to the Transaction Type and select the applicable option.
Buyer 1 Info Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
Please give us your full legal name as it appears on your ID
Chosen Name
Chosen Name
If you go by a name other than what is on your ID, please indicate it here. (IE your legal name is 'Joseph' but you go by 'Joey';)
Current Address
Are you a Canadian Citizen? Are you a Permanent Resident? Will you be moving into the property you are purchasing? Will you be using this property address as your mailing address? Please note some rural properties can NOT have their civic address used as their mailing address and may require you to obtain a PO Box. If required, we need to know the PO Box number as soon as possible.
What address would you like listed on title?
Current Marital Status If you are Nisga'a, have you applied for a Nisga'a Grant? Do you require the Nisga'a Grant money in order for this transaction to complete? Land Ownership re: Transparency Registry The BC Land Owner Registry launched November 30, 2020. The purpose of this registry is to record information about individuals who are deemed to have an indirect interest in land. Individuals deemed to have an indirect interest in land (including corporations, trustees and partners that own land in B.C.) are now required to file with the Land Owner Transparency registry. The BC Land Titles Registry records the legal owners of all land in the Province but does not record beneficial owners. Under the Land Ownership Transparency Act, the law recognizes "beneficial owners" as opposed to legal owners.
Therefore, when you purchase a home and decide to register your spouse and yourself on the title as Tenants in Common then each of you has legal ownership of the property. However, if in that same purchase, your spouse has verbally agreed to hold a share of the home for your spouse's mother, then your spouse may become a trustee of a (relevant) trust who holds an interest in the home for his/her mother who is a "beneficial owner" of your property.
What is a beneficial owner of a property?
A beneficial owner is a person who enjoys the benefits of ownership even though the title to some or all of the property may be in another name. The beneficial owner is the individual with the right to use/occupy the property and the right to enjoy any economic benefit such as rental income or sale proceeds when the property is sold etc.
What is a legal owner of a property?
The legal owner of property is simply the individual or entity registered on title to the property at the BC Land Titles Registry. The individual or entity registered on title to the property has no real value to it.
What is an example of beneficial and legal ownership?
Jane and Jack are not married and want to buy a home with each other for $500,000.00. Jack does not want to be a legal owner, however, is contributing $125,000 towards the purchase of the property. Jane and Jack agree to own the property as Tenants in Common and draw up a deed of trust to reflect their separate interest's in the property. Jane is 100% the legal owner of the property and only her name is registered in the land registry as an owner of the property, however Jane only owns a 75% share of the beneficial ownership ($375,000/$500,000) and Jack owns 25% ($125,000/$500,000) of the beneficial ownership. If Jane & Jack were getting a mortgage, then they would need to get the mortgage lender's consent to the deed of trust.
What is the penalty if I do not file a transparency report when required to do so?
Under LOTA, failure to file a transparency report is deemed to be an offence and could trigger a significant fine, being the greater of: (i) $25,000 for individuals or $50,000 for corporations or other entities; and (ii) 15 percent of the assessed value of the property.
Based on this information, what type of ownership will you hold?
Will you be signing in person in Terrace BC, or will you be signing out of office? Where will you be signing documents?
Signing normally happens between 1-5 days prior to the closing date. Please indicate where you will be during that time.
Are you a First Time Home Buyer? The First Time Home Buyers' Program reduces or eliminates the amount of the General Property Transfer Tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.
To qualify for an exemption, at the time the property is registered you must;
Be a Canadian citizen or permanent resident
Have either i)Lived in B.C. for at least a year immediately before the date you register the property OR ii) Filed at least 2 income tax returns as a B.C. resident in the last 6 taxation years immediately before the registration date
Have never owned a registered interest in a property that was your principal residence anywhere in the world at any time
Have never received a first time home buyers' exemption or refund
And the property must:
Only be used as your principal residence
Have a fair market value of $835,000 or less (effective April 1, 2024)
Be 0.5 hectares (1.24 acres) or smaller
Contain only residential improvements
If all of the above requirements are met, then the purchaser will be exempt from property transfer tax on the first $500,000 of the purchase price of the property.
Can I re-qualify as a first time home buyer?
No, you can't re-qualify as a first time home buyer. This rule may be different from other federal programs for the first time home buyers (e.g. the Canada Revenue Agent Home Buyer's Plan)
Based on this information, are you a first time home buyer?
First Time Home Buyer Have you ever owned a principal residence at any time at any place in the world? Have you lived in BC for the past 12 consecutive months? Did you file income tax returns for TWO of the last six taxation years in BC? Will you be moving into the property within 92 days after registration of the purchase of the property and reside in the property for at least one year?
Buyer 2 Info Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
Please give us your full legal name as it appears on your ID
Chosen Name
Chosen Name
If you go by a name other than what is on your ID, please indicate it here. (IE your legal name is 'Joseph' but you go by 'Joey';)
Address
Are you a Canadian Citizen? Are you a Permanent Resident? Will you be moving into the property you are purchasing? Will you be using this property address as your mailing address? Please note some rural properties can NOT have their civic address used as their mailing address and may require you to obtain a PO Box. If required, we need to know the PO Box number as soon as possible.
Will your mailing address be the same as buyer 1? What address would you like listed on title?
Current Marital Status If you are Nisga'a, have you applied for a Nisga'a Grant? Do you require the Nisga'a Grant money in order for this transaction to complete? Land Ownership re: Transparency Registry The BC Land Owner Registry launched November 30, 2020. The purpose of this registry is to record information about individuals who are deemed to have an indirect interest in land. Individuals deemed to have an indirect interest in land (including corporations, trustees and partners that own land in B.C.) are now required to file with the Land Owner Transparency registry. The BC Land Titles Registry records the legal owners of all land in the Province but does not record beneficial owners. Under the Land Ownership Transparency Act, the law recognizes "beneficial owners" as opposed to legal owners.
Therefore, when you purchase a home and decide to register your spouse and yourself on the title as Tenants in Common then each of you has legal ownership of the property. However, if in that same purchase, your spouse has verbally agreed to hold a share of the home for your spouse's mother, then your spouse may become a trustee of a (relevant) trust who holds an interest in the home for his/her mother who is a "beneficial owner" of your property.
What is a beneficial owner of a property?
A beneficial owner is a person who enjoys the benefits of ownership even though the title to some or all of the property may be in another name. The beneficial owner is the individual with the right to use/occupy the property and the right to enjoy any economic benefit such as rental income or sale proceeds when the property is sold etc.
What is a legal owner of a property?
The legal owner of property is simply the individual or entity registered on title to the property at the BC Land Titles Registry. The individual or entity registered on title to the property has no real value to it.
What is an example of beneficial and legal ownership?
Jane and Jack are not married and want to buy a home with each other for $500,000.00. Jack does not want to be a legal owner, however, is contributing $125,000 towards the purchase of the property. Jane and Jack agree to own the property as Tenants in Common and draw up a deed of trust to reflect their separate interest's in the property. Jane is 100% the legal owner of the property and only her name is registered in the land registry as an owner of the property, however Jane only owns a 75% share of the beneficial ownership ($375,000/$500,000) and Jack owns 25% ($125,000/$500,000) of the beneficial ownership. If Jane & Jack were getting a mortgage, then they would need to get the mortgage lender's consent to the deed of trust.
What is the penalty if I do not file a transparency report when required to do so?
Under LOTA, failure to file a transparency report is deemed to be an offence and could trigger a significant fine, being the greater of: (i) $25,000 for individuals or $50,000 for corporations or other entities; and (ii) 15 percent of the assessed value of the property.
Based on this information, what type of ownership will you hold?
Will you be signing in person in Terrace BC, or will you be signing out of office? Where will you be signing documents?
Signing normally happens between 1-5 days prior to the closing date. Please indicate where you will be during that time.
Are you a First Time Home Buyer? The First Time Home Buyers' Program reduces or eliminates the amount of the General Property Transfer Tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.
To qualify for an exemption, at the time the property is registered you must;
Be a Canadian citizen or permanent resident
Have either i)Lived in B.C. for at least a year immediately before the date you register the property OR ii) Filed at least 2 income tax returns as a B.C. resident in the last 6 taxation years immediately before the registration date
Have never owned a registered interest in a property that was your principal residence anywhere in the world at any time
Have never received a first time home buyers' exemption or refund
And the property must:
Only be used as your principal residence
Have a fair market value of $835,000 or less (effective April 1, 2024)
Be 0.5 hectares (1.24 acres) or smaller
Contain only residential improvements
If all of the above requirements are met, then the purchaser will be exempt from property transfer tax on the first $500,000 of the purchase price of the property.
Can I re-qualify as a first time home buyer?
No, you can't re-qualify as a first time home buyer. This rule may be different from other federal programs for the first time home buyers (e.g. the Canada Revenue Agent Home Buyer's Plan)
Based on this information, are you a first time home buyer?
First Time Home Buyer Have you ever owned a principal residence at any time at any place in the world? Have you lived in BC for the past 12 consecutive months? Did you file income tax returns for TWO of the last six taxation years in BC? Will you be moving into the property within 92 days after registration of the purchase of the property and reside in the property for at least one year?
Buyer 3 Info Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
Please give us your full legal name as it appears on your ID
Chosen Name
Chosen Name
If you go by a name other than what is on your ID, please indicate it here. (IE your legal name is 'Joseph' but you go by 'Joey';)
Address
Are you a Canadian Citizen? Are you a Permanent Resident? Will you be moving into the property you are purchasing? Will you be using this property address as your mailing address? Please note some rural properties can NOT have their civic address used as their mailing address and may require you to obtain a PO Box. If required, we need to know the PO Box number as soon as possible.
Will your mailing address be the same as buyer 1? What address would you like listed on title?
Current Marital Status If you are Nisga'a, have you applied for a Nisga'a Grant? Do you require the Nisga'a Grant money in order for this transaction to complete? Land Ownership re: Transparency Registry The BC Land Owner Registry launched November 30, 2020. The purpose of this registry is to record information about individuals who are deemed to have an indirect interest in land. Individuals deemed to have an indirect interest in land (including corporations, trustees and partners that own land in B.C.) are now required to file with the Land Owner Transparency registry. The BC Land Titles Registry records the legal owners of all land in the Province but does not record beneficial owners. Under the Land Ownership Transparency Act, the law recognizes "beneficial owners" as opposed to legal owners.
Therefore, when you purchase a home and decide to register your spouse and yourself on the title as Tenants in Common then each of you has legal ownership of the property. However, if in that same purchase, your spouse has verbally agreed to hold a share of the home for your spouse's mother, then your spouse may become a trustee of a (relevant) trust who holds an interest in the home for his/her mother who is a "beneficial owner" of your property.
What is a beneficial owner of a property?
A beneficial owner is a person who enjoys the benefits of ownership even though the title to some or all of the property may be in another name. The beneficial owner is the individual with the right to use/occupy the property and the right to enjoy any economic benefit such as rental income or sale proceeds when the property is sold etc.
What is a legal owner of a property?
The legal owner of property is simply the individual or entity registered on title to the property at the BC Land Titles Registry. The individual or entity registered on title to the property has no real value to it.
What is an example of beneficial and legal ownership?
Jane and Jack are not married and want to buy a home with each other for $500,000.00. Jack does not want to be a legal owner, however, is contributing $125,000 towards the purchase of the property. Jane and Jack agree to own the property as Tenants in Common and draw up a deed of trust to reflect their separate interest's in the property. Jane is 100% the legal owner of the property and only her name is registered in the land registry as an owner of the property, however Jane only owns a 75% share of the beneficial ownership ($375,000/$500,000) and Jack owns 25% ($125,000/$500,000) of the beneficial ownership. If Jane & Jack were getting a mortgage, then they would need to get the mortgage lender's consent to the deed of trust.
What is the penalty if I do not file a transparency report when required to do so?
Under LOTA, failure to file a transparency report is deemed to be an offence and could trigger a significant fine, being the greater of: (i) $25,000 for individuals or $50,000 for corporations or other entities; and (ii) 15 percent of the assessed value of the property.
Based on this information, what type of ownership will you hold?
Will you be signing in person in Terrace BC, or will you be signing out of office? Where will you be signing documents?
Signing normally happens between 1-5 days prior to the closing date. Please indicate where you will be during that time.
Are you a First Time Home Buyer? The First Time Home Buyers' Program reduces or eliminates the amount of the General Property Transfer Tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.
To qualify for an exemption, at the time the property is registered you must;
Be a Canadian citizen or permanent resident
Have either i)Lived in B.C. for at least a year immediately before the date you register the property OR ii) Filed at least 2 income tax returns as a B.C. resident in the last 6 taxation years immediately before the registration date
Have never owned a registered interest in a property that was your principal residence anywhere in the world at any time
Have never received a first time home buyers' exemption or refund
And the property must:
Only be used as your principal residence
Have a fair market value of $835,000 or less (effective April 1, 2024)
Be 0.5 hectares (1.24 acres) or smaller
Contain only residential improvements
If all of the above requirements are met, then the purchaser will be exempt from property transfer tax on the first $500,000 of the purchase price of the property.
Can I re-qualify as a first time home buyer?
No, you can't re-qualify as a first time home buyer. This rule may be different from other federal programs for the first time home buyers (e.g. the Canada Revenue Agent Home Buyer's Plan)
Based on this information, are you a first time home buyer?
First Time Home Buyer Have you ever owned a principal residence at any time at any place in the world? Have you lived in BC for the past 12 consecutive months? Did you file income tax returns for TWO of the last six taxation years in BC? Will you be moving into the property within 92 days after registration of the purchase of the property and reside in the property for at least one year?
Buyer 4 Info Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
Please give us your full legal name as it appears on your ID
Chosen Name
Chosen Name
If you go by a name other than what is on your ID, please indicate it here. (IE your legal name is 'Joseph' but you go by 'Joey';)
Address
Are you a Canadian Citizen? Are you a Permanent Resident? Will you be moving into the property you are purchasing? Will you be using this property address as your mailing address? Please note some rural properties can NOT have their civic address used as their mailing address and may require you to obtain a PO Box. If required, we need to know the PO Box number as soon as possible.
Will your mailing address be the same as buyer 1? What address would you like listed on title?
Current Marital Status If you are Nisga'a, have you applied for a Nisga'a Grant? Do you require the Nisga'a Grant money in order for this transaction to complete? Land Ownership re: Transparency Registry The BC Land Owner Registry launched November 30, 2020. The purpose of this registry is to record information about individuals who are deemed to have an indirect interest in land. Individuals deemed to have an indirect interest in land (including corporations, trustees and partners that own land in B.C.) are now required to file with the Land Owner Transparency registry. The BC Land Titles Registry records the legal owners of all land in the Province but does not record beneficial owners. Under the Land Ownership Transparency Act, the law recognizes "beneficial owners" as opposed to legal owners.
Therefore, when you purchase a home and decide to register your spouse and yourself on the title as Tenants in Common then each of you has legal ownership of the property. However, if in that same purchase, your spouse has verbally agreed to hold a share of the home for your spouse's mother, then your spouse may become a trustee of a (relevant) trust who holds an interest in the home for his/her mother who is a "beneficial owner" of your property.
What is a beneficial owner of a property?
A beneficial owner is a person who enjoys the benefits of ownership even though the title to some or all of the property may be in another name. The beneficial owner is the individual with the right to use/occupy the property and the right to enjoy any economic benefit such as rental income or sale proceeds when the property is sold etc.
What is a legal owner of a property?
The legal owner of property is simply the individual or entity registered on title to the property at the BC Land Titles Registry. The individual or entity registered on title to the property has no real value to it.
What is an example of beneficial and legal ownership?
Jane and Jack are not married and want to buy a home with each other for $500,000.00. Jack does not want to be a legal owner, however, is contributing $125,000 towards the purchase of the property. Jane and Jack agree to own the property as Tenants in Common and draw up a deed of trust to reflect their separate interest's in the property. Jane is 100% the legal owner of the property and only her name is registered in the land registry as an owner of the property, however Jane only owns a 75% share of the beneficial ownership ($375,000/$500,000) and Jack owns 25% ($125,000/$500,000) of the beneficial ownership. If Jane & Jack were getting a mortgage, then they would need to get the mortgage lender's consent to the deed of trust.
What is the penalty if I do not file a transparency report when required to do so?
Under LOTA, failure to file a transparency report is deemed to be an offence and could trigger a significant fine, being the greater of: (i) $25,000 for individuals or $50,000 for corporations or other entities; and (ii) 15 percent of the assessed value of the property.
Based on this information, what type of ownership will you hold?
Will you be signing in person in Terrace BC, or will you be signing out of office? Where will you be signing documents?
Signing normally happens between 1-5 days prior to the closing date. Please indicate where you will be during that time.
Are you a First Time Home Buyer? The First Time Home Buyers' Program reduces or eliminates the amount of the General Property Transfer Tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.
To qualify for an exemption, at the time the property is registered you must;
Be a Canadian citizen or permanent resident
Have either i)Lived in B.C. for at least a year immediately before the date you register the property OR ii) Filed at least 2 income tax returns as a B.C. resident in the last 6 taxation years immediately before the registration date
Have never owned a registered interest in a property that was your principal residence anywhere in the world at any time
Have never received a first time home buyers' exemption or refund
And the property must:
Only be used as your principal residence
Have a fair market value of $835,000 or less (effective April 1, 2024)
Be 0.5 hectares (1.24 acres) or smaller
Contain only residential improvements
If all of the above requirements are met, then the purchaser will be exempt from property transfer tax on the first $500,000 of the purchase price of the property.
Can I re-qualify as a first time home buyer?
No, you can't re-qualify as a first time home buyer. This rule may be different from other federal programs for the first time home buyers (e.g. the Canada Revenue Agent Home Buyer's Plan)
Based on this information, are you a first time home buyer?
First Time Home Buyer Have you ever owned a principal residence at any time at any place in the world? Have you lived in BC for the past 12 consecutive months? Did you file income tax returns for TWO of the last six taxation years in BC? Will you be moving into the property within 92 days after registration of the purchase of the property and reside in the property for at least one year?
Additional Buyers Additional buyers If there are more than 4 buyers going on title, please use the space below to fill in their information. Try to include the same information as listed above for the other, but minimally ensure you include their full legal name and contact information. We can collect any missed information over the phone.
Use the + symbol to add additional rows.
How would you like to go on title? Tenants-In-Common Comments Please provide the percentage of each owner in the field below. Percentages must equal to 100% and can be split any way. Common examples include 50%/50%, 75%/25%, 25%/25%/25%/25%, etc.
Corporate Purchase Company Mailing Address
How would you like to get your Corporate Record Documents to our office? We require the following documents for any Corporate Buyers -
(1) Notice of Articles;
(2) Articles of Incorporation;
(3) Register of Directors;
(4) Central Securities Register;
(5) Transparency Register;
(6) Any Share-holder Agreements.
How would you like to get those documents to our office?
Director / Interest Holder Information Number of Directors / Interest Holders Only list Interest Holders who hold 10-25% of the Corporations Equity or Voting Shares
1st Director / Interest Holder Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
As it appears on your ID
Chosen Name
Name
If you go by something different than your Legal Name
Mailing Address
2nd Director / Interest Holder Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
As it appears on your ID
Chosen Name
Name
If you go by something different than your Legal Name
Mailing Address
3rd Director / Interest Holder Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
As it appears on your ID
Chosen Name
Name
If you go by something different than your Legal Name
Mailing Address
4th Director / Interest Holder Full Legal Name
Dr. Miss Mr. Mrs. Ms. Mx. Prof. Rev.
Prefix
First
Middle
Last
Suffix
As it appears on your ID
Chosen Name
Name
If you go by something different than your Legal Name
Mailing Address
Additional Directors Additional Directors Information If there are more than 4 directors / interest holders, please use the space below to fill in their information. Try to include the same information as listed above for the other. Use the + symbol to add additional rows.