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My wife and I purchased a cottage in Ontario, Canada in 2002
My wife and I purchased a cottage in Ontario, Canada in 2002 from her parents. Capital gain's were paid upon the transfer of title at that time. I had my children's names added to the title with my wi… read more
Debra
Debra
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I am both a US and Canadian citizen. My parents house in San
I am both a US and Canadian citizen. My parents house in San Diego he is held in a Qualified Personal Residence Trust, which is something that avoids us children having to pay inheritance tax upon our… read more
Debra
Debra
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Doctoral Degree
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We have a family cottage built by my parents. There are 3
We have a family cottage built by my parents. There are 3 of us; all married. My parents wish to bequeath the cottage to the 3 of us. This is the background: The youngest of the three of us lives in F… read more
Debra
Debra
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131,968 satisfied customers
Strangely enough I do have a question regarding the "gifting"
Strangely enough I do have a question regarding the "gifting" of property that is not my prime residence. I am looking to gift a cottage to my daughter. What are the Canadian and Ontario tax implicati… read more
Debra
Debra
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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
Debra
Debra
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Doctoral Degree
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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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My parents currently live and own property in Ontario, upon
My parents currently live and own property in Ontario, upon their death the property would be left to the children (brother lives in Ontario, 2 sisters in the US.)are we subject to Canadian inheritanc… read more
Debra
Debra
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Doctoral Degree
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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
Debra
Debra
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131,968 satisfied customers
If my dad adds three of his children to the deed of his cottage
If my dad adds three of his children to the deed of his cottage in ontario, and they are all American citizens, including himself.....when, and how much capitol gains is triggered, and who is responsi… read more
Debra
Debra
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Doctoral Degree
131,968 satisfied customers
My deceased maternal grandmother was a Canadian citizen, yet
My deceased maternal grandmother was a Canadian citizen, yet lived most of her adult life in the US.(She was married in Puerto Rico to an American citizen.) My paternal great grandparents built a cott… read more
Debra
Debra
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Doctoral Degree
131,968 satisfied customers
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
131,968 satisfied customers
What is the latest Canadian law regarding right of ways that
What is the latest Canadian law regarding right of ways that have been abandoned? In this case the right of way has been flooded and the land is now the bottom of a canal bed.An individual who has a d… read more
D.A.M.
D.A.M.
Principal Attorney
Doctoral Degree
2,755 satisfied customers
In 2003 we were advised to transfer my parents canadian property
In 2003 we were advised to transfer my parents canadian property from my dad (US citizen-now deceased)to my mom (Canadian citizen) and then to their 3 adult children with 100% life use for my mother. … read more
Debra
Debra
Lawyer
Doctoral Degree
131,968 satisfied customers
I want to try to get some money back from my wife. I have
I want to try to get some money back from my wife. I have put over $100,000 into the new home and over $50,00 into a renvovation in a previous home. I knoe that I am entitled to half of the assets but… read more
Debra
Debra
Lawyer
Doctoral Degree
131,968 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
131,968 satisfied customers
We bought property with access to a lake on the Rideau Canal
We bought property with access to a lake on the Rideau Canal system. The property has deeded access for several island owners to park .At the time this access was given there was no dock. One deeded a… read more
Debra
Debra
Lawyer
Doctoral Degree
131,968 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
131,968 satisfied customers
US citizen. Wish to open bank account in Canadian Bank; ...
US citizen. Wish to open bank account in Canadian Bank; need bank card. Probably need Canadian proxy address. Reaon: Wish to gamble, Blackjack, at Online cassinos. That is now imposible by foolish US … read more
Debra
Debra
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Doctoral Degree
131,968 satisfied customers
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