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cheapcharlie
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Activity Feed for cheapcharlie
- Posted Re: GIC transfer as a gift, tax implications on Troubleshooting. May 3, 2020 7:08 PM
- Posted GIC transfer as a gift, tax implications on Troubleshooting. March 1, 2020 8:03 PM
- Posted Principal residence designation on Credits and deductions. October 31, 2019 3:02 AM
- Posted Where to report GIC interest ? on Getting started. October 31, 2019 1:31 AM
- Posted Principal residence transfer to non spouse on Credits and deductions. October 31, 2019 12:37 AM
- Posted When to report principal residence designation for deceased co-owner ? on Credits and deductions. October 31, 2019 12:15 AM
- Posted Where do i report residual prepaid funeral refunds ? on After you file. October 31, 2019 12:01 AM
May 3, 2020
7:08 PM
My mother gave me half ownership of the GIC.
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March 1, 2020
8:03 PM
My Mom transferred half of her GIC to me as a gift. What are the tax implications ? Does she have to report any capital gains tax ? Do i have to report the GIC amount transferred to me as income ?
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October 31, 2019
3:02 AM
My mom transferred 50% of her principal residence to me as a gift. Just to confirm that she has to file a principal residence designation form. And do i have to report any capital gains tax immediately on the FMV of the house that was transferred to me ? I still live with her.
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October 31, 2019
1:31 AM
My Dad's estate received only $120 in GIC interest. Do i have to file a t3 trust return or can i report that amount on my Mom's return ?
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October 31, 2019
12:37 AM
My Mom transferred 50% share of her principal residence to me as a gift. On her principal residence designation, is it correct that the ACB is 50% share of the original purchase price and the proceeds of disposition is 50% share of the FMV ?
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October 31, 2019
12:15 AM
My Dad passed away. His 50% share of his principal residence was transferred to my Mom, co-owner of the residence. Do i report the principal residence designation on his final tax return or do i wait until my Mom passes away and report a designation on her final return ? If i report the designation on my Dad's return, i believe the ACB and proceeds of disposition are the same amount. But are the amounts at 50% share of the residence ?
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October 31, 2019
12:01 AM
My late Dad's estate received a T5 residual interest refund from his prepaid funeral. Do i report the interest on his final T1 tax return ? Or can my Mom, the beneficiary of his estate, claim it on her return?
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