Thank you for responding.
Regarding getting a mortgage at a Canadian bank, if my father's intent is to gift most of the money back to me and then for me to pay back the bank, do you know if this would make the mortgage any easier to acquire?
Search found 2 matches
- Fri Sep 25, 2015 1:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US citizen buying house half interest from Canadian father
- Replies: 3
- Views: 2071
- Fri Sep 25, 2015 9:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: US citizen buying house half interest from Canadian father
- Replies: 3
- Views: 2071
US citizen buying house half interest from Canadian father
I've read many of the posts here and they have been very informative. Thank you.
I am a US citizen. My father has half interest in his home in Canada after my mother died leaving her half to the kids. I'd like to "purchase" my father's half, give him some fraction of the money, then have him "gift ...
I am a US citizen. My father has half interest in his home in Canada after my mother died leaving her half to the kids. I'd like to "purchase" my father's half, give him some fraction of the money, then have him "gift ...