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I am wondering how my dad can transfer his 50% interest in
I am wondering how my dad can transfer his 50% interest in our family cottage into my name with the least amount of tax implications possible … read more
Debra
Debra
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I am new to home buying in Canada & very new permanent
I am new to home buying in Canada & very new permanent resident here. I have below questions as first timer:- 1. Any condo or townhouse I purchase most likely 3 BR 2 BA- how can i ensure that it is a … read more
Debra
Debra
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Doctoral Degree
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My wife and I are listed as Joint tenants on house and
My wife and I are listed as Joint tenants on house and Property on Gabriola Island and I want to gift My 50% to my wife, So she has sole ownership of the property. I am trying to avoid incurring capit… read more
Debra
Debra
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Doctoral Degree
145,083 satisfied customers
Iooking for someone who. BC Canada. I need someone who knows
I need someone who knows real estate & tax law to help me understand the tax implications for a gift of equity. … read more
Debra
Debra
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Doctoral Degree
145,083 satisfied customers
I have an aunt who is a US Person living in California and
I have an aunt who is a US Person living in California and has lived there for almost 50 years. She also holds Canadian citizenship. She has a second property (i.e. vacation property) in Victoria, BC … read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
I live in USA but mom is in Toronto. Instead of buying her
I live in USA but mom is in Toronto. Instead of buying her a condo outright I paid for it by having her purchase it, and giving her a mortgage with no interest or due date. Our agreement says that if … read more
Law.Hut
Law.Hut
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Law degree (Juris Doctor)
6,458 satisfied customers
A husband and wife are listed on the deed to a property in
A husband and wife are listed on the deed to a property in Ontario as joint tenants. They purchased the property about 20 years ago. The husband died about 3 months ago in a foreign country which was … read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
My sister owns a condo in Montreal, QC Canada. This condo is
My sister owns a condo in Montreal, QC Canada. This condo is not her primary residence and she has rented it out for the past 5 years. My understanding is that since this is not a primary residence sh… read more
Law.Hut
Law.Hut
Lawyer
Law degree (Juris Doctor)
6,458 satisfied customers
My wife and I owned a condo. My wife passed away. I am thinking
My wife and I owned a condo. My wife passed away. I am thinking of transferring the title of the condo over to my children. Is this a good idea. ?What are the ramifications ?I want to make things easy… read more
Law.Hut
Law.Hut
Lawyer
Law degree (Juris Doctor)
6,458 satisfied customers
My siblings & my mother want to put my name on the title of
My siblings & my mother want to put my name on the title of her condo & car so that those properties do not become part of her estate (there is an estranged sister on the horizon with a drug problem w… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
This is a follow-up question to your reply about my two condos.
This is a follow-up question to your reply about my two condos. I bought the first condo pre-construction for $147,000.00 (which took over 2 years to build) and lived in it for the first two years. My… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
I wish to leave my home (current value $300,000) to my four
I wish to leave my home (current value $300,000) to my four children. I expect they will want to sell it and divide the proceeds. What is the best wasy to do this with minimum tax payment, for example… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
(In Ontario). We (me and my ex-girlfiend) co-purchased (50-50)
(In Ontario). We (me and my ex-girlfiend) co-purchased (50-50) a condo for her mother to use in 2001. We (ex and I) separated in 2003 (we were never married or common law). At the time of our separati… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
I would to inquire about what restrictions might apply on a
I would to inquire about what restrictions might apply on a property transferred from a son to a mother as a gift "love and affection “in the Province of Ontario, Canada. I would to inquire about what… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
Can I transfer a second home to my children without tax implications
Can I transfer a second home to my children without tax implications? I want them to have it & then they can do whatever they want with it.… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
My wife and I are part owners of farmland in British Columbia
My wife and I are part owners of farmland in British Columbia Canada with her brother and his wife the other partners. Her brother and his wife are currently selling their portion to us. We reside on … read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
my wife & I are tw0-thirds owners of my mother-in-laws condominium.....she
my wife & I are tw0-thirds owners of my mother-in-laws condominium.....she "sold" this to us for $1...& we had a notary draw up an agrrement. When she passes away & my wife & I sell the condo, what is… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
How can you exchange a Ontario , Canada real estate property
How can you exchange a Ontario , Canada real estate property without major tax implications? I just want to leave it to my wife's Native decendants. Little or no money will be made by myself.… read more
Debra
Debra
Lawyer
Doctoral Degree
145,083 satisfied customers
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