Executors generally liquidate the assets of an estate in a timely manner following an individual’s death. This may include the disposition of the deceased’s primary residence, cottage or rental property (herein referred to as a “housing unit”). An estate may realize a gain on a housing unit if it is…
Flipped property – estates beware
By John Oakey
closeAuthor: John Oakey
Name: John Oakey
Email: jfoakey@bakertilly.ca
Site: https://www.bakertilly.ca/en/btc/professionals/national-halifax/john-oakey
About: National Tax Director for Baker Tilly Canada. John has extensive experience with Canadian corporate and personal income taxes with specialization in the areas of corporate reorganizations, estate planning, succession planning and tax compliance. He also has significant experience dealing with GST/HST issues and U.S. citizen cross-border tax reporting issues.See Authors Posts (34) • February 21, 2023 • 0 Comments
Email: jfoakey@bakertilly.ca
Site: https://www.bakertilly.ca/en/btc/professionals/national-halifax/john-oakey
About: National Tax Director for Baker Tilly Canada. John has extensive experience with Canadian corporate and personal income taxes with specialization in the areas of corporate reorganizations, estate planning, succession planning and tax compliance. He also has significant experience dealing with GST/HST issues and U.S. citizen cross-border tax reporting issues.See Authors Posts (34) • February 21, 2023 • 0 Comments