If you're an adult who has been living in your parents home in Canada, then you inherit it, how are you taxed?

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okay, here's situation. adult lives in home owned parent. parent lives there two. have both lived in house ten years.

parent passes away, leaving house adult child.

how adult child inherits home taxed? have pay?

know taxes bit easier when passing on principal residence, laws , regulations different if child inheriting home resides in home @ time owner dies?

okay, here's situation. adult lives in home owned parent. parent lives there two. have both lived in house ten years. parent passes away, leaving house adult child. how adult child inherits home taxed? have pay? know...


Business & Finance Taxes Canada Next



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