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My siblings and I inherited some property from our Dad when
Hi, my siblings and I inherited some property from our Dad when he passed. One of the siblings wants to buy the others out and own the property by himself (we are willing to be bought out). TO REMAIN … read more
Debra
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I was wondering how personal taxes are affected by
Hello, I was wondering how personal taxes are affected by inheriting money from the sale of real estate in a will? For example, after dividing the sale proceeds between the beneficiaries … read more
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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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9 yrs ago my son and I bought a property for him in BC. My
9 yrs ago my son and I bought a property for him in Langley BC. My son put down a substantial down payment on the property while I assumed the mortgage because my credit rating was better than is. I w… read more
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I own a condo in BC and am needing/wanting to sell it. It is
Hi!! I own a condo in BC and am needing/wanting to sell it. It is rented out at the moment. Is there anyway around not having to pay the capital gains tax? It is hard times everywhere right now, and t… read more
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I'm looking to buy a condo in kelowna but in not currently
I'm looking to buy a condo in kelowna but in not currently residing in bC at the moment. I'm just torn between putting the property in my grand fathers name and adding myself as a co owner or buying it in my name...which me and higher mortagage down payment from my side as I'm living out of the country. I'm just not sure which will option will have the least tax implications on me in the long run. The goal is to use the property for rental as I wont be living in it. Same will apply if I were to coown with my grandfather who resides in bc, but wont be living in it either. It would be his first home purchase technically. It's been hard trying to get this info from afar as I live in dubai. … read more
Debra
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Joint ownership with son at condo in Ottawa. We want to buy
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Debra
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We have talked before. My mother in law who has name her 8
This Question is for Debra. we have talked before. My mother in law who has name her 8 American children as heirs to her principal residence her property being in Canada. We have been in touch with a … read more
Debra
Debra
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Doctoral Degree
146,289 satisfied customers
HELLO,THIS QUESTION IN ONLY FOR LEGAL EASE'SINCE MY
HELLO, THIS QUESTION IS ONLY FOR LEGAL EASE' SINCE MY HUSBAND'S UNCLE HAS NOW ACCEPTED HIS INHERITANCE, A DUPLEX LEFT TO HIM IN HIS MOTHER'S WILL, ON OCTOBER 26,2014, SHE PASSED MARCH 31,2014, HE STIL… read more
Debra
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Doctoral Degree
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Hello Legal Ease, as per this conversation, my notary said that my husband would have t
Hello Legal Ease, as per this conversation, my notary said that my husband would have to pay capital gain tax when ho does hos grandmother's 2014 income tax return and not only when he sells the duple… read more
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Debra
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We have a living revocable trust, for my mother, in NH. My
We have a living revocable trust, for my mother, in NH. My brother and I are 50/50 beneficiaries of her estate. She owns land in Novia Scotia. I read that, upon inheritance, the land is taxed on 1/2 o… read more
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We are looking at buying a revenue property for our daughter
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Hi, Im getting into a Joint Venture for the purpose of buying,
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I live in alberta, I have rental properties, should I do UCC
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I set up a corporation in the late 1990s and gave my wife
I set up a corporation in the late 1990's and gave my wife 50% of the shares in the corporation. Although I did all of the consulting for the corporation (i.e. earned all of the money that was left in… read more
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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
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I have 800 acres of land in BC that I will be inheriting when
I have 800 acres of land in BC that I will be inheriting when my grandpa dies. Right now i am power of attorney and am handling all the finances. What happens when he dies, Do i pay a tax on the land … read more
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Hi there, If my parents buy a house and rent it to me to cover
Hi there, If my parents buy a house and rent it to me to cover the basic costs (mortgage, property insurance) OR rent slightly below those costs, are they allowed to zero out the income from this rent… read more
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