deemed disposition
Loopholes Tagged "deemed disposition"
Plain-English guides to Canadian legal rights and workarounds related to deemed disposition.
Spousal Trust β Defer Capital Gains Tax on Appreciated Assets Until a Surviving Spouse Dies
A qualifying spousal trust allows assets to roll over to a surviving spouse at cost β deferring capital gains tax on death until the survivor disposes of the assets or dies, potentially saving hundreds of thousands in estate taxes.
Principal Residence Change-in-Use Election β Protect Capital Gains When Converting Your Home to a Rental
When you convert your principal residence to a rental property (or vice versa), you can elect under s.45(2) to defer the deemed disposition and continue designating the property as your principal residence for up to 4 more years.