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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
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I have been renting my "home" from my parents for 14+ years.
I have been renting my "home" from my parents for 14+ years. They are down-sizing and splitting the proceeds of their primary residence between my sibling and I. It is expected that I purchase this ho… read more
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I children are on Title of residential property of their
I children are on Title of residential property of their parents then what are the Probate fees if the parents die? … 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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Hi Debra, My parents have been living in the existing house
Hi Debra, My parents have been living in the existing house in Toronto since 1980 as principal residence. It is their desire to pass the house equally to their 3 children when they pass away. They lik… read more
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Hi, my parents bought a triplex in 1995 and at the time theywere
Hi, my parents bought a triplex in 1995 and at the time theywere advised to not put my name or my sister's name on the deed even though all mortgage, utilities, taxes and insurance were split three wa… read more
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Three siblings hold a condo in Florida as "tenants in common"
Three siblings hold a condo in Florida as "tenants in common" Our mother has the right of survivorship. Our father passed away in 2001. This condo is now being sold. The sale value is about $10,000 le… read more
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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
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PART 2 - My dad passed away, BC resident and is on 2 Alberta
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Debra
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My parents own a home which they would like to keep in the
My parents own a home which they would like to keep in the family. According to the will, I and 3 other siblings will inherit an equal share. We were wondering if having all our names on the title wou… read more
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We recently inherited a 4 plex and sold it for $800,000.00.
We recently inherited a 4 plex and sold it for $800,000.00. What is the capital gains tax that we will have to pay?… read more
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What taxes do we have to consider when inheriting the Albertan family house and 80 acres t
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Hi. My parents (citizens of the USA) own a summer cottage
Hi. My parents (citizens of the USA) own a summer cottage in Ontario,Canada. They are both in their 70's, and we want to find out what would happen to the property when they pass away. My dad seems to… read more
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we have owned our 5 acres and house as our principle residence
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Pros & cons of elderly parents transfering a home to their
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We are selling our vacation home on an island in the georgian
We are selling our vacation home on an island in the georgian bay ontario. We spend the majority of our time or more correctly live at a rented property. The Property on the island is 26 acres but zon… read more
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Hello Our parents have 8 children......same Mother and Father.
Hello Our parent's have 8 children......same Mother and Father. They live in British Columbia and all assets are in BC. They are not interested in preparing a will at this time. Both are in their earl… read more
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Hi - I asked this question previously, but forgot to ...
Hi - I asked this question previously, but forgot to mention I live in Canada. My mother owns her home and would like to avoid probate or us, her 2 sons (sole heirs) paying Capital Gains if possible. … read more
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