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Our cottage is in my husband's name only, if he dies will I
Our cottage is in my husband's name only, if he dies will I have to pay capital gains. would it be better if it was in both our names. We have a primary residence in both our names … read more
Debra
Debra
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I want to sell my cottage. How do capital gains taxes work.
I want to sell my cottage. How do capital gains taxes work. What percentage etc.? … read more
Debra
Debra
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My mother in law owns a property in Toronto. It was
Hello. My mother in law owns a property in Toronto. It was purchased by her and her husband in 1993 as joint owners with the right of survivorship. Her husband died 2 years ago. The original purchase … read more
Debra
Debra
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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
Debra
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WHAT TAXES MYSELF OR MY SON EXPECT TO PAY OR REPORT IF I SELL
WHAT TAXES MYSELF OR MY SON EXPECT TO PAY OR REPORT IF I SELL MY HOUSE TO MY OWN ADULT FOR AN AMOUNT $26,000 BELOW CITY PROPERTY ASSESSMENT VALUE. I PLAN TO SELL MY HOUSE TO MY ADULT SON FOR $400,000 … read more
Debra
Debra
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Where a cottage is owned by one spouse, and the adjusted
Where a cottage is owned by one spouse, and the adjusted cost base for calculating capital gains is $200,000, if the cottage is changed to Joint tenancy with right of survivorship, who claims the capi… read more
Debra
Debra
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We live in Ontario Canada. My wife was sole-on-title for both
We live in Ontario Canada. My wife was sole-on-title for both of our properties, a cottage and our home. - We sold the cottage in July, bought for 105k in 2000 and sold for 312k in 2012 We are now int… 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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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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I inherited a family home 37 years ago and used it as a summer
I inherited a family home 37 years ago and used it as a summer cottage. I sold it this year for $80,000. I estimate I spent $30,000 on the upkeep of the cottage and land over the 37 year period. Can I… read more
Debra
Debra
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My 79 year old mother owns a cottage which is considered her
My 79 year old mother owns a cottage which is considered her permanent residence. In the event of her death, the cottage will be left to the three daughters. What inheritance tax, if any, would be app… read more
Debra
Debra
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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
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Regarding a vacation property in Newfoundland. It is now willed
Regarding a vacation property in Newfoundland. It is now willed to my partner's sisters. If my partner should pre-decease her sisters(4 of them), they would inherit this house. Would they be responsib… read more
Debra
Debra
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144,295 satisfied customers
I am preparing my will. I have a 6 year old daughter. My
I am preparing my will. I have a 6 year old daughter. My exhusband does not currently have a principal residence (lives in apartment). If I should die, I would like to have my life insurance policy pa… read more
Debra
Debra
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144,295 satisfied customers
I am passing on my cottage to three children in 2010. How
I am passing on my cottage to three children in 2010. How can I minimize capital gains tax… read more
Debra
Debra
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Are quit claims on property recognized in Ontario Also, would
Are quit claims on property recognized in Ontario? Also, would the remaining property owner have any financial responsibility re: capital gains if the property were not being sold?… read more
Debra
Debra
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Doctoral Degree
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I am a naturalized American from Canada. We have a property
I am a naturalized American from Canada. We have a property in Ontario which we acquired through an inheritance in 1989. The actual property had been in my grandfather's estate. They purchased it in 1… read more
Debra
Debra
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Doctoral Degree
144,295 satisfied customers
my wife & I are tw0-thirds owners of my mother-in-laws condominium.....she
my wife & I are tw0-thirds owners of my mother-in-laws condominium.....she "sold" this to us for $1...& we had a notary draw up an agrrement. When she passes away & my wife & I sell the condo, what is… read more
Debra
Debra
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