Tag · Canada
deemed disposition
Loopholes Tagged "deemed disposition"
Plain-English guides to Canadian legal rights and workarounds related to deemed disposition.
Hard estate-planning
Spousal Trust — 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 — deferring capital gains tax on death until the survivor disposes of the assets or dies, potentially saving hundreds of thousands in estate taxes.
Hard If You Pay Taxes
Principal Residence Change-in-Use Election — 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.