The botXXXXX XXXXXne is we do not actually need to transfer ownership. We are looking to simply allow for sole ownership for my husband and myself upon her demise and keep this property OUT of the personal trust/estate she has set up in the US for which my stepfather is executor. As joint tenants in common, this is what would happen at this point. We would either like to:
1. Change the deed to joint tenants with right of survivorship; or
2. Have her sign a quit claim which would not necessarily be filed but held onto if needed.
So, my original question is does Ontario recognize quit claims? Are there capital gains taxes due upon simply changing the deed to read 'with right of survivorship' from tenants in common?