Ask David

Gifting vs. selling: Land transfer tax and capital gains

Dear David: I bought a condo in 2018. The title is in my name. It’s not my principal residence, but my son lives there. I would like to sell the condo to my son for the $300,000 I originally paid for it, since I don’t want to make money off him. Is it better for

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Ask David

Land Transfer Tax, Downsizing, Moving With Kids

Dear David, What is land transfer tax? – New Buyer Dear New Buyer, Land transfer tax is a tax that a buyer pays when buying property in the province of Ontario and is due when your transaction closes. The tax rate will vary according to the value of the property, but you can expect to

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