Navigating Canada’s New Capital Gains Tax: Strategies for Family Property Investments and Trusts
Buying a Home for Children in Parents' Names Parents often purchase property in their names with the intent to transfer it to their children later. This strategy is commonly used to shield the asset from potential claims, such as in divorce scenarios. However, upcoming changes to Canada's tax laws could impact this approach.[ ► ]
The New Landscape of Capital Gains Tax on Inherited Properties
Great. I’ll gather in-depth information on Canada’s proposed changes to capital gains tax in the 2024 federal budget, specifically how it affects inherited properties. I’ll include comparisons with previous tax rules, explore legal and financial implications (especially involving asset protection strategies), and provide expert opinions or planning tips. The final result will be[ ► ]
