Can’t I Just Make My Child a Joint Owner of My Rental Properties (Or Cottage) And Avoid Capital Gains Tax That Way?

Can’t I Just Make My Child a Joint Owner of My Rental Properties (Or Cottage) And Avoid Capital Gains Tax That Way?

This is one of the most frequent misapprehensions we come across and unfortunately, it is one that is regularly encouraged by well-meaning but misinformed (or occasionally less than scrupulous) accountants, advisors and lawyers. We’ll get into the details below but to summarize: You cannot get out of paying the capital gains tax on a property, […]

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