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If my sister bought me out of my moms cottage after my mom
if my sister bought me out of my moms cottage after my mom passed away, am I know obligated to pay half the tax on the cottage … read more
Debra
Debra
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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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When a property is gifted to an individual and that
When a property is gifted to an individual and that individual decides to sell the property do you pay capital gains? If yes, how much of the sale of the property are taxed? … read more
Debra
Debra
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Doctoral Degree
91,094 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
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Doctoral Degree
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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
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Doctoral Degree
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My father passed on his only residence, a cottage to 3 of 4
My father passed on his only residence, a cottage to 3 of 4 of his children. To the last child he gave his birth property...which we unknowingly sold to pay for his care. Now we are considering adding… read more
Debra
Debra
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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
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I asked this question earlier and have not got a response yet.
I asked this question earlier and have not got a response yet. My father is getting elderly. We have a family cottage. He would like to will it to us but, is afraid that we could not afford to pay the… read more
Debra
Debra
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Doctoral Degree
91,094 satisfied customers
My father (mother pre - deceased) is diagnosed with terminal
My father (mother pre - deceased) is diagnosed with terminal cancer and is planning his estate. We have set up a will and powers of attourney. The question is more of a tax planning nature. He wishes … read more
Debra
Debra
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Doctoral Degree
91,094 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
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Doctoral Degree
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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
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Doctoral Degree
91,094 satisfied customers
My elderly mother wants to transfer her land and house in Newfoundland
My elderly mother wants to transfer her land and house in Newfoundland to her children. We all live in Ontario. This is her only asset. We are considering setting up a trust to hold the land as it is … read more
Debra
Debra
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Doctoral Degree
91,094 satisfied customers
in our will how do we set up a family trust for the use of
in our will how do we set up a family trust for the use of our cottage in northern ontario on land which we own. WE have five children… read more
Debra
Debra
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Doctoral Degree
91,094 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
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Doctoral Degree
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Are quit claims on property recognized in Ontario Also, would
Are quit claims on property recognized in Ontario? Also, would the remaining property owner have any financial responsibility re: capital gains if the property were not being sold?… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 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
91,094 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
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Doctoral Degree
91,094 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
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Doctoral Degree
91,094 satisfied customers
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