When does the “plus 1” rule apply to a principal residence?
There are tax implications to inheriting a second property. But in certain circumstances, you can have two principal residences...
Capital Gains
How capital gains tax on property is divided in a divorce
When a couple separates, how does owning, transferring and dividing multiple properties affect capital gains?
Co-ownership: Are there any tax implications if you sell part of your house to a relative?
A finance expert addresses capital gains taxes, possible tax credits, and other factors related to co-ownership of a home.
What are the taxes on transferring real estate to your kids?
Joan and her partner own the condo her son lives in, but they want to transfer ownership to him....
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Capital gains, taxes and more: The implications of inheriting real estate
There are tax, estate and other implications when inheriting real estate, even from family.
The tax implications of owning multiple properties during probate
When a spouse passes away, what are the tax, probate and mortgage implications for multiple properties?
What are the fees for becoming a joint tenant on a parent’s property?
In becoming a joint tenant, what are the costs associated with it? What impact would a death have on...
Capital gains when selling property to family
If you sell a property to a relative for a bargain price, does that mean you pay less tax...
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Principal residence exemption on death and capital gains with joint tenancy
There are rules around capital gains on the sale of joint property in Canada. But how does death affect...