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But a spouse is a cuurrent spouse. English is my first language.
So it is spouse OR former spouse.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
So, to recap, our posrter, for cdn tax purposes MUST elect a disposition upon transfer to his spouse -- his current live spouse -- , or his transfer is tax deferred.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Yes, I agree but remember if for gift tax he has to use FMW and use up his unified tax credit then he should elect under sec 69 the general provision for gift tax at FMW in Canada too and use up his cap gains exemption so the wife gets the bump up in ACB.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best