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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
Lawyer
Doctoral Degree
144,276 satisfied customers
Parents have property& cottage in Ontario Canada. Parents,
Parents have property& cottage in Ontario Canada. Parents, children and grandchildren are all US citizens. We need estate planning and tax advice. Is a Canadian will needed to leave property to the ch… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
My father purchased a family cottage in 1968. I was married
My father purchased a family cottage in 1968. I was married in 1991. In 1994 my father put the family cottage into a Family Trust to avoid inheritance tax. Now, I am in the middle of a divorce. The Fa… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
My wife, brother, sister-in-law and myself are presently on
My wife, brother, sister-in-law and myself are presently on one deed of two beach cottages in Wainfleet, Ontario. What is the best way to have our children added to the deed? What will be the eventual… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
My wife, sister in law, and brother in law have joint ownership
My wife, sister in law, and brother in law have joint ownership of a cottage in Ontario with thier parents, who are recently deceased. Should they be paying an inheritance tax on the 1/4 of the value … read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
Im asking this question again becuz I dont know if it is getting
Im asking this question again becuz I dont know if it is getting answered. I would like to know what my father should do with his cottage when he will's it to us. He is afraid we will not be able to a… read more
Copperlaw
Copperlaw
Barrister and Solicitor
Law Degree
2,044 satisfied customers
My parents currently live and own property in Ontario, upon
My parents currently live and own property in Ontario, upon their death the property would be left to the children (brother lives in Ontario, 2 sisters in the US.)are we subject to Canadian inheritanc… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
My father who lives in Ontario bought 3 residential lots about
My father who lives in Ontario bought 3 residential lots about 10 years ago in Quebec. He is now 85 and not well. He wants to know the best way to pass the 3 lots to his 3 children without burdoning t… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
Our family (American) enjoys cottaging in Canada. My aunt
Our family (American) enjoys cottaging in Canada. My aunt is currently sole owner (age 79) of one of them. I would like to help keep it in the family (it was my mother's mother's) and I have my own pl… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
If my dad adds three of his children to the deed of his cottage
If my dad adds three of his children to the deed of his cottage in ontario, and they are all American citizens, including himself.....when, and how much capitol gains is triggered, and who is responsi… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
My deceased maternal grandmother was a Canadian citizen, yet
My deceased maternal grandmother was a Canadian citizen, yet lived most of her adult life in the US.(She was married in Puerto Rico to an American citizen.) My paternal great grandparents built a cott… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
Re death/inheritance tax in Ontario. Not a large estate.
Re: death/inheritance tax in Ontario. Not a large estate. Is it wise to try to spend/give away assets to avoid paying taxes. My elderly mother (widow) will not spend on herself in efforts to leave som… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
Can a parent in Ontario gift her portion of a non-residential
Can a parent in Ontario gift her portion of a non-residential property to her children (inter-related party transaction)for no consideration or onloy at fair market value?… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
Hello, Ive just sold my 33.3% shares in a real estate company
Hello, I've just sold my 33.3% shares in a real estate company to my partners. I've been a shareholder since 1987 but more as a 'bare trustee' since the shares really belonged to my father. He had inv… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
My mother recently passed away and left her home to her five
My mother recently passed away and left her home to her five children. We were wandering if and when we sell the home is there going to be an inheritence tax that we have to pay? also is there somethi… read more
Ulysses101
Ulysses101
Litigator, Barrister and Solicitor
LLB
4,634 satisfied customers
I am living in a house that me and my husband built on property
I am living in a house that me and my husband built on property own by my inlaws. My question is we want to transfer our names onto title, but who pays the capital gains on the property? If we inherit… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
Cottage is owned by three brothers. One brother wants off the
Cottage is owned by three brothers. One brother wants off the deed. No money to exchange hands, just wants off deed. Can this be done with quick claim deed, no capital gains tax or transfer tax?… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
We inherited a cottage from our parents in Ontario, we are
We inherited a cottage from our parents in Ontario, we are all Americans. Could we make a land transfer of the property to our children without having them or us pay taxes. If not, do Americans have t… read more
Debra
Debra
Lawyer
Doctoral Degree
144,276 satisfied customers
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