I co-signed a mortgage, with my daughter's husband, to help them buy their first home. Only her husband and I are on title. Is this a blind trust,Do I file the UHT form?
I co-signed a mortgage, with my daughter's husband, to help them buy their first home. Only her husband and I are on title. Is this a blind trust,Do I file the UHT form?
We are all born in Canada. UHT indicates if we fall into the 'partner in a partnership' or 'trustee' trap, we’d be exempt from the tax but still face a definite $5000 penalty if we don’t file the form, or file after April 30.
I co-signed a mortgage, with my daughter's husband, to help them buy their first home. Only her husband and I are on title. Is this a blind trust,Do I file the UHT form?
You should contact the Canada Revenue Agency (CRA) and ask them.
If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency
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