Comments on: Principal Residence, Joint Ownership And Death http://blog.taxresource.ca/principal-residence-joint-ownership-and-death/ Canadian Tax Help & Financial Planning Resources Tue, 07 Sep 2010 00:32:22 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Tax Guy http://blog.taxresource.ca/principal-residence-joint-ownership-and-death/comment-page-1/#comment-3389 Tax Guy Sat, 08 Aug 2009 20:51:24 +0000 http://blog.taxresource.ca/?p=922#comment-3389 @ Bill: If the home was your mom's principal residence before her death and the home was left to you and you ordinarily occupy it, then it is your principal residence. In this case it appears there are no tax consequences. @ Bill:

If the home was your mom’s principal residence before her death and the home was left to you and you ordinarily occupy it, then it is your principal residence.

In this case it appears there are no tax consequences.

]]> By: Bill Dampier http://blog.taxresource.ca/principal-residence-joint-ownership-and-death/comment-page-1/#comment-3387 Bill Dampier Sat, 08 Aug 2009 17:05:28 +0000 http://blog.taxresource.ca/?p=922#comment-3387 Dear Tax Guy, My mother passed away in Ontario, July 21/09, leaving me, her only child all her property consisting of 90 acres and a large home. My wife and I have lived in that home, in order to care for her, for approximately the last 10 years. We have no other principal residence as we sold it in order to live with and care for her. Are we entitled to any tax exemptions because this is currently our principal residence. Thankyou........Bill Dear Tax Guy,
My mother passed away in Ontario, July 21/09, leaving me, her only child all her property consisting of 90 acres and a large home. My wife and I have lived in that home, in order to care for her, for approximately the last 10 years. We have no other principal residence as we sold it in order to live with and care for her. Are we entitled to any tax exemptions because this is currently our principal residence.

Thankyou……..Bill

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