Real Estate

Total 94 Posts

Gifting Farmland, an Estate Strategy?

• • 0 Comments

Gifting property to the next generation is an estate strategy at its simplest form. For farming families, farm succession planning can often be complex considering the difficulties associated with “equalizing” a farmer’s estate between their children in circumstances where a child is actively involved in the farming business while the other is not. An equalization option that is sometimes considered by the farmer is to sever the farmland with the….

Gifting Farmland, an Estate Strategy? Continue Reading »

Farm, Property, Real Estate, Succession Planning, Tax Issues

Transferring the Family Home to the Next Generation

• • 0 Comments
Scotiatrust

This blog post was written by: Rebecca Tong, Senior Manager, Scotiatrust Tax Services, Vancouver Ever thought about gifting a property to your children? As most parents would think – yes why not and what is the big deal?  I recently had this very discussion with my own aging parents,  and this resulted in some important discussions about our family home, their goals and consideration for the tax outcomes of any….

Transferring the Family Home to the Next Generation Continue Reading »

Estate Planning, Real Estate, Tax Issues

Estate Planning and Rental Properties

• • 0 Comments

Over the last couple decades, many Canadians have invested in real estate, more specifically, in rental properties. As a result, their real estate holdings will constitute a substantial part of their estate therefore, their estate plan should consider how best to minimize capital gains on death and preserve their real estate investments for the next generation. Indeed, one should not overlook the tax implications involved on the death of an….

Estate Planning and Rental Properties Continue Reading »

Estate Administration, Estate Planning, Property, Real Estate, Tax Issues

Navigating Bequests of Real Estate Under Your Will: Language Matters

• • 0 Comments

  Are you planning to leave real estate to a loved one under your Will? Do you want that property to be transferred free of debt or other claims? If you’re making a specific gift of your interest in freehold or leasehold property that is subject to a mortgage, as defined in Ontario’s Succession Law Reform Act (RSO 1990, c S.26) (“SLRA”), at the date of your death (the “Property”),….

Navigating Bequests of Real Estate Under Your Will: Language Matters Continue Reading »

Estate Planning, Property, Real Estate, Succession Planning, Wills

Joint Ownership & U.S. Estate Tax Considerations

• • 0 Comments

Canadians are familiar with the concept of joint ownership with right of survivorship. It is the prevalent form of ownership between spouses. Therefore, it is not uncommon for Canadians to own U.S. real property or other U.S. property, jointly, especially between spouses. Many are of the view that it will simplify the estate plan and succession of the U.S. property to the surviving owner yet, few understand the U.S. estate….

Joint Ownership & U.S. Estate Tax Considerations Continue Reading »

International, Joint Tenancy, Real Estate, Succession Planning, Tax Issues, United States, US Taxes

Key Considerations When Drafting a Will with International Assets

• • 1 Comment

If you have clients with assets outside Canada, they likely look to you for guidance to support drafting of testamentary documents. In a previous article we explored the considerations that should be kept in mind when assets are owned outside of Quebec, within Canada – given the civil law and common law differences. However, even if the testator has assets in multiple common law or civil law jurisdictions, estate and….

Key Considerations When Drafting a Will with International Assets Continue Reading »

Estate Planning, Executors, International, Property, Real Estate
Scroll to Top