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I have lived in my home for 42 years. If I put my home in a
Second opinion] I have lived in my home for 42 years. If I put my home in a trust and later decided to sell my home, would I have to pay capital gains because the trust now owns it, even though I woul… read more
Debra
Debra
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Doctoral Degree
91,094 satisfied customers
Are you familiar with tax laws? If so, could you please
Hi Debra,Are you familiar with tax laws? If so, could you please answer me the following question. If not, may you kindly forward to the right person?The question is very simple: If a couple of owners… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
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
Debra
Debra
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Doctoral Degree
91,094 satisfied customers
My wife and I currently own two adjacent houses sitting on
My wife and I currently own two adjacent houses sitting on individual lots...we were not informed by our lawyer that section 50 of the planning act comes into play. It was the bank that noticed this a… read more
Debra
Debra
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Doctoral Degree
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We live in Canada and own a home that we rent out and have
We live in Canada and own a home that we rent out and have been renting out since September 2011. This house is not our principal residence. For the past year, we have rented this house to our son and… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
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
Law.Hut
Law.Hut
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Law degree (Juris Doctor)
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if I sale my house and transfer the money which I got ,to another
if I sale my house and transfer the money which I got ,to another country do I need to pay any tax(like exit tax) to canadian government? do I need to report it to the government? is there any procedu… read more
Copperlaw
Copperlaw
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My widowed mother-in-law owns her home, and is 90 yrs. old.
My widowed mother-in-law owns her home, and is 90 yrs. old. She wants to put her home in her son and daughters name, as she thinks this will save the estate $ when she passes on? She would continue to… read more
Ulysses101
Ulysses101
Litigator, Barrister and Solicitor
LLB
4,785 satisfied customers
Is being added to the Title of my parents home (the family home that I was raised in
Is being added to the Title of my parent's home (the family home that I was raised in) a means of limiting taxes upon their passing? The property is in Toronto, Ontario. Thank you.… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
My siblings & my mother want to put my name on the title of
My siblings & my mother want to put my name on the title of her condo & car so that those properties do not become part of her estate (there is an estranged sister on the horizon with a drug problem w… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
I am a Canadian citizen who has just retired and returned to
I am a Canadian citizen who has just retired and returned to Canada after 25 years working overseas to reside in Ontario. I have taken back my property I purchased in 2008 from tenants and it is now m… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
I own two homes, one as joint Tenants and one as Estate Trustee
I own two homes, one as joint Tenants and one as Estate Trustee With A Will. At what point are there tax/capital gain issues?… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
My wife and I would like to sell a half-interest in our home
My wife and I would like to sell a half-interest in our home to our daughter. What are the tax implications?… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
I wish to leave my home (current value $300,000) to my four
I wish to leave my home (current value $300,000) to my four children. I expect they will want to sell it and divide the proceeds. What is the best wasy to do this with minimum tax payment, for example… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
Is it possible to purchase property in Canada and get a tax
Is it possible to purchase property in Canada and get a tax break in the U.S. for the mortgage? Also, if such property needed to be sold, I heard Canada takes a huge chunk of value of property. Is tha… read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
I own a property and I would like to leave it to my daughters
I own a property and I would like to leave it to my daughters when I die. I made a will, but don't really want them to go through the probate business. I prefer to make them joint owners to avoid all … read more
Debra
Debra
Lawyer
Doctoral Degree
91,094 satisfied customers
If I am co owner on my mothers home and I own my own home...we
If I am co owner on my mothers home and I own my own home...we are planning on selling both homes and buying one together. Will i have to pay tax? She lives permenantly in her home and I in mine...… 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
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