Canada Tax Questions Answered by Experts
Your name would not be in title correct?
This would be an investment and you are hoping to see a profit, is that correct?
But you have to understand that there's no way that you can earn income and not pay taxes. I understand what you want to do is have somehow come under the exemption of the principal residence for capital gains purposes but if you invest money and you get a larger return that it would be tax fraud not to declare that income and pay tax on it.
Do you see what I mean?
That cannot be done legitimately. If he pays the taxes that is more income to declare.
There is no real way to do that. Everyone wishes there was.