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I am a Canadian Citizen living in the US as a Green Card
Hi, I am a Canadian Citizen living in the US as a Green Card holder, but I am selling my property that I owned in Canada, I would like to understand my tax implications … read more
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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
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This is a bit of a story... Calgary. It is in regards to CCB
It is in regards ***** ***** that CRA is now trying to claw back from me … read more
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I'm thinking of buying a condo in Ontario, Canada, as a gift
I'm thinking of buying a condo in Ontario, Canada, as a gift for my two daughters, aged 18 and 17. I would be paying cash. Can I put both of their names on the title even if one is still a minor? I wo… read more
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I bought a house as a principle residence in February 2019.
I bought a house as a principle residence in February 2019. I lived in it for a few months between there and an apartment we rented. Because of unforeseen circumstances we moved in May 2019 and rented… read more
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Seeking advice on tax implications of gifted property from
Seeking advice on tax implications of gifted property from parents. … read more
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My partner and I are separated. We have two properties, she
My partner and I are separated. We have two properties, she is keeping one and I am keeping the other. Does she have to pay capital gains tax? I am not selling the property, just need to take her name… read more
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My exhusband and I bought two houses in Ontario between 2007
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My wife and I are in the process of a 5 year divorce. During
My wife and I are in the process of a 5 year divorce. During marriage we owned a company together 50/50 ownership. We filed personal taxes separately. Her taxes owed exceed mine significantly as she t… read more
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What are tax implications on selling between joint tenency
what are tax implications on selling between joint tenency vs tenency in common. Which is better if I want to give the title back to my kids … read more
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We live in Canada and own a home that we rent out and have
We live in Canada and own a home that we rent out and have been renting out since September 2011. This house is not our principal residence. For the past year, we have rented this house to our son and… read more
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I owned two properties, one I live in and one I have rented
I owned two properties, one I live in and one I have rented for the past 3 and half years in Ontario. I am thinking of selling the rental property. We have never claimed any depreciation tax benefit o… read more
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if I sale my house and transfer the money which I got ,to another
if I sale my house and transfer the money which I got ,to another country do I need to pay any tax(like exit tax) to canadian government? do I need to report it to the government? is there any procedu… read more
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My father has a condo that he wants to give to me. I would
My father has a condo that he wants to give to me. I would like to put my name on the property so that it is co-owned by us both. He is 82 and not keeping up with things and would like to move into an… read more
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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
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In 2003 my wife and I decided to immigrate to Canada from the
In 2003 my wife and I decided to immigrate to Canada from the UK as soon as we could obtain a permanent residence visa for Canada and sell our business and home in the UK. We bought a property in West… read more
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I have inherited sole ownership of a rental house (joint tenant
I have inherited sole ownership of a rental house (joint tenant deed with my father) and would prefer that my mother declare the income since she was the sole beneficiary of my father's will. How do I… read more
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My father-in-law, a Canadian citizen, is presently living in
My father-in-law, a Canadian citizen, is presently living in his home in the United States. He holds no real property any longer in Canada. His only income(retired) comes from a U.S. source, and he on… read more
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