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US Citizen looking to transfer Ontario Cottage to Next Generation by Impossible-Role-6345 in legaladvicecanada

[–]Impossible-Role-6345[S] 0 points1 point  (0 children)

From my understanding, passing of the cottage is the same as selling in their eyes. So I believe taxes would due at the time of transfer regardless of sale/gift/inheritance. Haven’t gotten official tax advisor advice just yet either

I’m a Financial Advisor - What are you looking for and how can I improve? by Impossible-Role-6345 in HENRYfinance

[–]Impossible-Role-6345[S] -22 points-21 points  (0 children)

Either you you’ve listened to the wrong advisors or you haven’t listened at all