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Is this a Canadian website? A rental property (condo) in BC.
A rental property (condo) in BC . Do I need to take it back as my principal residence to avoid CG? How long do I need to reside there? I am a Alberta residence at this time.… read more
Debra
Debra
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Doctoral Degree
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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
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Doctoral Degree
146,277 satisfied customers
I am new to home buying in Canada & very new permanent
I am new to home buying in Canada & very new permanent resident here. I have below questions as first timer:- 1. Any condo or townhouse I purchase most likely 3 BR 2 BA- how can i ensure that it is a … read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
I'm thinking of buying a condo in Ontario, Canada, as a gift
I'm thinking of buying a condo in Ontario, Canada, as a gift for my two daughters, aged 18 and 17. I would be paying cash. Can I put both of their names on the title even if one is still a minor? I wo… read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
I bought a house as a principle residence in February 2019.
I bought a house as a principle residence in February 2019. I lived in it for a few months between there and an apartment we rented. Because of unforeseen circumstances we moved in May 2019 and rented… read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 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
Lawyer
Doctoral Degree
146,277 satisfied customers
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
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
My partner and I are separated. We have two properties, she
My partner and I are separated. We have two properties, she is keeping one and I am keeping the other. Does she have to pay capital gains tax? I am not selling the property, just need to take her name… read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
My exhusband and I bought two houses in Ontario between 2007
Hello, My exhusband and I bought two houses in Ontario between 2007 and 2010. One we lived in and one we rented out. When we split up we divided up the properties and he kept one and I kept the other … read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
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
146,277 satisfied customers
I own two modest houses in Toronto. One is my principal residence.
I own two modest houses in Toronto. One is my principal residence. The other was rented at one point, but I have had it empty for the last 5 years - since I have been gradually renovating it. I might … read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
This question applies to Canada. Situation: Brief description:
This question applies to Canada. Situation: Brief description: Two people, man and woman, get married in September 2011, they each had a house. They move in to one house. The other home, a condo unit,… read more
Law.Hut
Law.Hut
Lawyer
Law degree (Juris Doctor)
6,458 satisfied customers
Capital Gains on a rental property I own a triplex in Vancouver
Capital Gains on a rental property : I own a triplex in Vancouver valued at $1,425,000. I bought it in 1985 for $154,000. It has been a licensed triplex since I bought it. I live in 1/3 of the house, … read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
This is a follow-up question to your reply about my two condos.
This is a follow-up question to your reply about my two condos. I bought the first condo pre-construction for $147,000.00 (which took over 2 years to build) and lived in it for the first two years. My… read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
I am an owner of two condos in the same building in Toronto,
I am an owner of two condos in the same building in Toronto, Ontario, Canada. One I have rented out for over 20 years to the same tenant and the other I occupy personally. I am thinking of selling the… read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
In 2003 my wife and I decided to immigrate to Canada from the
In 2003 my wife and I decided to immigrate to Canada from the UK as soon as we could obtain a permanent residence visa for Canada and sell our business and home in the UK. We bought a property in West… read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
this is for real estate law, we own several properties in quebec,
this is for real estate law, we own several properties in quebec, if we now want to sell a triplex, how much on capital gains taxes will there be charged? and do we have a one time taxexcemption as we… read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
re capital gains tax on property When we bought our condo
re: capital gains tax on property When we bought our condo in 1999 we were both non residents. I have since become a resident in 2007 but my husband is still a non resident. We want to sell our condo … read more
Debra
Debra
Lawyer
Doctoral Degree
146,277 satisfied customers
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