Joint tenancy on Principal residence

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saldanch
Posts: 6
Joined: Fri Jul 14, 2017 4:06 pm

Joint tenancy on Principal residence

Post by saldanch » Tue Jan 16, 2018 5:25 pm

since capital gains tax is exempt on prinicipal residences in Canada when they are sold or deemed disposed upon death of the owner, is it necessary for the owner to file joint tenancy (rights of survivorship)? I understand that this may help with probate fees where the joint tenant survivor is also a beneficiary of the principal residence, but not sure the tax implications, especially where the beneficiary is a non resident of Canada

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