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Adam Aberra
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Most Tax Efficient Way of Gifting Duplex To Children??

Adam Aberra
Posted Oct 23 2021, 16:55

Hello,

My parents are looking to gift their Montreal duplex to my sister and I. They have about 30% of the principal left on the mortgage but the property has appreciated considerably (4X) since they purchased it. What is the most tax efficient way of transferring the property?

Thanks for you help!

Adam

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