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Selling to a Loved One for $1

Summary by tremblantexpress.com
You are thinking of selling your cottage for the symbolic sum of $1 to a member of your family? This symbolic act could result in quite costly tax impacts for you and your loved one. Indeed, you have to know that transactions between related persons are governed by strict tax rules, especially if you decide to transfer property to one of our relatives for a price... Source
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tremblantexpress.comtremblantexpress.com

Selling to a Loved One for $1

You are thinking of selling your cottage for the symbolic sum of $1 to a member of your family? This symbolic act could result in quite costly tax impacts for you and your loved one. Indeed, you have to know that transactions between related persons are governed by strict tax rules, especially if you decide to transfer property to one of our relatives for a price... Source

·Mont-Tremblant, Canada
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tremblantexpress.com broke the news in Mont-Tremblant, Canada on Friday, August 29, 2025.
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