
Transferring Ownership of Property From Parent to Child
Canada has no gift tax. It has a rule that produces the same result, and most families discover it after the transfer is registered rather than before. The rule behind everything: deemed disposition When you transfer real estate to your child, the Canada Revenue Agency treats you as having sold it at fair market value – whether... Continue reading Transferring Ownership of Property From Parent to Child
This is a short preview. The article was written by LD Law LLP and the full text is on their website.