Steve from Cambridge writes about capital gains on land:
Hi Lou,
When selling land that has been gifted by a family member (not inherited), how is the basis for tax established?
I understand the determination of property vs business vs capital gain income, however my question is, will the all the proceeds be taxed since nothing was paid [...]
Mark from Hamilton, Ontario writes about buying property across the border:
Hey Lou,
Listen to you on AM640 as much as I can. For the past 5 years I have taking a trip at least one a year across the boarder to do some snowboarding with the family. We normally rent a condo on the hill. I [...]
Hi Lou,
Avid listener on AM640 and great website. I came across some large acreage property for cheap (less than $100,000) north of Toronto. I’m wondering if I should take advantage of this once in a lifetime economic recession and purchase it now. I also have the option of planting trees on this property through a government sponsored [...]
