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On January 22nd, 2024 the Province launched this year’s African Heritage Month where, during the month of February, we celebrate and honour the culture, history, and traditions of people of African descent.
After March 31, 2024, client IDs must be verified through one of the client verification methods.
A set of new income tax rules for filing T3s on trust income may have an impact on lawyers holding specific trust accounts.
On November 24, 2023, the Supreme Court of British Columbia granted an injunction suspending the application of the expanded mandatory reporting obligations in the Income Tax Act to members of the legal profession, pending the outcome of the Federation’s challenge to the constitutionality of those provisions.
The NSBS offers an online form whereby members of the public may provide details relating to a recently deceased family member’s will — should they be unable to locate it.
We are pleased to provide an update to our October 26, 2023 notice regarding the end of the pandemic relief measures that permitted client verification by viewing government issued ID over a video call. The pandemic-era video verification method presented a high risk of identification fraud. It should have been used only when a better option was not available, and it should not be used in future.
This update deals with three matters: 1) a new deadline for the removal of pandemic measures; 2) a review of existing options used to verify ID, remotely and otherwise; and 3) technology options designed to verify ID remotely, which are helpful even in-person.
