Capital Gains Inherited Property
(Canada)
The Tax Guy Answers Canadian Tax Questions
If a person inherits land and primary residence from his mother and father, who have passed away, is there any capital gains that he must claim when the property is transferred to his name?
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You will get a better answer than I could give over at The Tax Guy's website (www.blog.taxresource.ca). He takes questions too!
I like his site as his answers are easy to read and understand.