Should you sell your home to your child for $1?

Never at the cost of your own financial health; an alter-ego trust could be an alternative, suggests Certified Financial Planner Jason Heath

Ruth Saldanha 31 January, 2019 | 6:00PM

 

 

Ruth Saldanha: Rather than leaving legacies and wills a lot of parents prefer to help out adult children at various life stages. And one method of doing this includes selling a home for $1. What are the tax implications of this and is there any alternative? Certified Financial Planner Jason Heath of Objective Financial Partners is here with us today to talk about this. Jason thank you so much for joining us.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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