Page 14 - Paul Delean News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Article content With real estate prices going through the roof, people are looking at different options for trading spaces. One of the more original ideas turned up among our recent reader questions. Here’s what they wanted to know. Q: My parents and I are interested in swapping homes. They’re principal residences in both cases. If we sell to each other below market value, are there tax implications? We apologize, but this video has failed to load. Try refreshing your browser, or Delean: If you trade homes with a relative, gifting may be better than selling Back to video

Article content Housing and its tax implications was a recurring theme among recent reader inquiries. Here’s what readers wanted to know: Q: My wife and I own two properties. The city house (principal residence) is in my name and the cottage is in hers. Both were purchased while we were married. When we sell the cottage can we split the capital gain 50/50 for tax purposes? We apologize, but this video has failed to load. Try refreshing your browser, or Delean: Splitting capital gains can be challenged when there's only one property owner Back to video A: You can, but it may take some expl...

Last Comment: March 16, 2021 2:36 pm ET | 5 Comment(s) | Jump to Comments Veterinarian Eddy McCarvill, an important part of numerous harness racing success stories from Quebec over the past 30 years, has died, age 62, after a long battle with stomach cancer. He'll be missed, not only as a super vet, but as a super guy, a gentleman, a professional. "He was quiet and low-key but always there for us," said Claude Levesque, head of the Quebec Jockey Club, whose board of directors included McCarvill. A native of the Jonquiere region of Quebec, which used to have to its own track, McCarvill initial...

Estate planning is sobering and complicated, and updating the paperwork can be tedious, but for the sake of your heirs, it's worth it.

This week's first reader question reveals an unforeseen twist that some of the 850,000 Quebecers who still choose to file paper returns may encounter.