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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
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Debra
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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
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
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Doctoral Degree
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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
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Doctoral Degree
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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
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Debra
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I am a Canadian Citizen, living in Florida. I have a cottage
I am a Canadian Citizen, living in Florida. I have a cottage in Ontario that is held in joint title with my wife who is also a Canadian citizen. How should I best title the property to receive the bes… read more
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Debra
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Doctoral Degree
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My son and his fiance live in an old house that belongs to
My son and his fiance live in an old house that belongs to the fiance's mother. The mother would like to give the house to her daughter as her inheritance. The house is in the Lower Mainland of Vancou… read more
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Inheriting land: Father died first, Mother never owned
Our family members are US Citizens. Father died in Arkansas in 1996 owning 50 acres in Lanark Highlands, Ontario, remote, with no road access. It was in his name alone. His will states assets go to wi… read more
Debra
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Doctoral Degree
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We live in Ontario Canada. My wife was sole-on-title for both
We live in Ontario Canada. My wife was sole-on-title for both of our properties, a cottage and our home. - We sold the cottage in July, bought for 105k in 2000 and sold for 312k in 2012 We are now int… read more
Debra
Debra
Lawyer
Doctoral Degree
144,246 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
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Doctoral Degree
144,246 satisfied customers
Canadian tax question. Took brother off deed to family cottage
Canadian tax question. Took brother off deed to family cottage in Ontario prior to his divorce 6 yers ago. Now that all is settled I want to put him back on. Is there any problem or expense to do that… read more
Debra
Debra
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Doctoral Degree
144,246 satisfied customers
My mother, a US citizen and resident, died and left me a deed
My mother, a US citizen and resident, died and left me a deed for mineral rights ( no surface rights). I want to transfer the deed to me and my daughter. What needs to be filed and are there any requi… read more
Debra
Debra
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Doctoral Degree
144,246 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
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Doctoral Degree
144,246 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
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Doctoral Degree
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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
144,246 satisfied customers
Hello, My grandmother is the sole owner of a cottage on
Hello, My grandmother is the sole owner of a cottage on Lake Huron (Ontario) in Canada that has been in our family since 1916. There is no mortgage on the cottage and it is valued at roughly 700-900k … read more
Debra
Debra
Lawyer
Doctoral Degree
144,246 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
144,246 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
144,246 satisfied customers
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