Search found 2 matches

by hyperion0001
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

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?
by hyperion0001
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 ...