In the final blog of my guest three blog series for the Canadian Capitalist; I discuss some of the alternative strategies available to mitigate or defer income taxes that may arise upon the transfer of the cottage to your children.
Tomorrow, I return to the regular scheduled programming, with Confessions of a Tax Accountant-Week 8.
Tomorrow, I return to the regular scheduled programming, with Confessions of a Tax Accountant-Week 8.
The blogs posted on The Blunt Bean Counter provide
information of a general nature. These posts should not be considered specific advice;
as each reader's personal financial situation is unique and fact specific.
Please contact a professional advisor prior to implementing or acting upon any
of the information contained in one of the blogs.
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ReplyDeleteI have a question and was hoping to find the answer here .
I'm living in my parents home ( not the primary residence ) .
Is it better to purchase the home now or wait to inherit it ?
Hi Anon
DeleteI would need way more facts than provided, however, i do not provide answers to personal tax planning issues on this blog. Sorry.