How to Pass Properties to Your Kids in Canada

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Information How to Pass Properties to Your Kids in Canada

Title	:	How to Pass Properties to Your Kids in Canada
Lasting	:	7.16
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Views	:	25 rb

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Comment from : @rockstarinnercircle

Put their nane on the deed when they turn of age Makes them an owner
Comment from : @Ericbjohnston5150

Different taxes
Comment from : @allaudione

Why do you have to pay taxes on that property when you were charged taxes when you bought it, taxes when you fixed it, taxes when you renovated it and most of all, INCOME TAX ON ALL THIS MONEY TO START WITH! THERE SHOULD BE NO TAX!
Comment from : @brexit9279

would you ascertain whether there is any capital gain tax when transferring the principal residence to children ?? Because selling the principal residence doesn't need to pay capital gain tax
Comment from : @Cableman-hr2uu

How to pass real estate to your kids
Comment from : @dabig_guy2204

The title is a bit misleading, with a title like how to, I was expecting some real step by step scenarios This is purely a message that you could have said explained in 30 seconds Protect realestate assets get a whole life or universal life policy
Comment from : @marcelmed4574

What if the kid that added has been living with parent since the house has been bought and it is also his residence?? appreciate comment
Comment from : @fredhooshi4294

SLAVES
Comment from : @vinnartaigh2076

Well said! This is exactly what I specialize in as an insurance professional We work with real estate investor's to make sure that their beneficiaries/estate have the funds to cover capital gains taxes We achieve this through whole life and universal life insurance policies Thanks for the video
Comment from : @AdamFinancial

What about if the home still has a mortgage?
Comment from : @vdeblois1352

Ya heres a chunk of property that will bankrupt you in taxes To sopport nothing if you actually need it like heslthcare
Comment from : @dougiep2769

When the parents add names to title it will be a deemed disposition by CRA The strategy doesn’t work and costs significant tax
Comment from : @kevinbeausoleil8104

That is all for the political currency These laws don’t apply to Bitcoin The new world is already here There shall be no more theft
Comment from : @Jackson-l3r

My bet is that return on insurance sucks big time, you can maybe leave more to your kids even after paying a lot of taxes
Comment from : @kellyhou9594

What if we sell the house buying the nxt house putting their name Children will not be charge ?
Comment from : @jedeloriaga1115

I highly recommend the book "How To Keep Taxes Away From Your Wealth" by Henry Wong, Jayson Lowe, and Richard Canfield Really fits with this topic
Comment from : @NiagaraBTC

Indeed
Comment from : @alexeytot4871

just dont report it to the cra
Comment from : @RMD992-f2n

lol if you didn't know this when you start investing your need better books and a circle of ppl
Comment from : @ozama1

You spend all your life hording assets and hording money, yet you still need to worry when you die - sure you may have all this in place but the next generation can still squander it away - you’re hoping the next generation does this much extensive planning to preserve the wealth when they pass it down, which is highly unlikely A dollar today is different than a dollar tomorrow All these investors getting into all sorts of investments have no idea what are all the hidden and soft costs are
Comment from : @borisli4817