Poster of New Eyes on the Universe promoting the Nobel Prize winning research from SNO (Sudbury Neutrino Observatory), Sudbury, Ontario. First of all, make sure that the title to the house is taken out of your mother’s name and put into the name of the estate. We have been working for more than 12 – 16 hours daily back in Singapore and currently slowing down our pace to enjoy the great environment and people in Canada. Canada is a big country but yet most Singaporeans concentrate on mainly Vancouver or Toronto. My husband and his brother are sole beneficiaries of everything, and my husband is worried that it will be difficult to get his brother out of the house. I have 3 three brothers who currently live in the house who do not pay the mortgage or bills.
This has to be done at every home we deal with, but with a hoarder, it may be done in stages as there is so much stuff in the house. The new Sea to Sky Gondola near Squamish, about 60km, north of Vancouver has drawn increasingly more visitors to the Sea to Sky Corridor, driving home prices higher here. She can now designate the cottage as her principal residence (since I’m not an accountant, check with one, or look at the Canada Revenue Agency website to ensure the property is eligible). To find out just how much it varies, we looked at average house prices in major cities, and then tried to estimate how much income is needed to afford that. If the house was in joint names and there was nothing in the estate except for the GICs, then the sister in law’s claim for compensation is way too high and your husband is right to challenge that. Big Brother Canada airs Wednesdays at 9 p.m. ET/PT, Thursdays at 8 p.m. ET/PT and Sundays at 7 p.m. ET/PT.
There is no capital gains tax when the house transfers from your sister’s name to the estate because it was her only property and her principal residence (at least it appears so from the facts). In 2015 and 2016 house prices in British Columbia have continued to rise above the national average.
If it is solely because of the house transfer (and I’m not saying that’s a small issue) it may be possible to separate that issue from what happened after your father’s death so that the post-death estate can be distributed. I was unsure whether the lump sum my dad receives upon sale of my grandpa’s house would be treated as income within a given year.
A young couple, in their early thirties in Canada making C$50,000 a year each (equivalent to S$65,000) a year would be able to purchase a C$700,000 by themselves without the financial help from his parents or others. Look if you’re going to criticism Canada and it’s colonial past then you better excuse yourself from the country, surrender you passport and renounce your citizenship, and move abroad to, say, the Punjab.