- Joined
- Jun 5, 2009
- Messages
- 966
While I build my portfolio with properties in Canada and outside Canada, I would like to structure it so that I can minimize taxes for beneficiaries. As far as I know the day I die, all properties are said to be sold at fair market value and whoever is going to keep them (state/trust/kids) they would be on the hook for the capital gain taxes. Also, for JV when one of the partners dies.
I would hate to build a large portfolio only to realize that they would have to sell half of it just to pay taxes. Does anybody have some input in this? or know someone in Ottawa who can help with this.
I would hate to build a large portfolio only to realize that they would have to sell half of it just to pay taxes. Does anybody have some input in this? or know someone in Ottawa who can help with this.