This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
If a dual citizen residing in Canada transfers real Canadian property that was jointly owned to her Cdn spouse, is the transfer considered a deemed disposition for U.S tax purposes as it is in Canada ?
It is not a deemed disposition if you actually trf it to spouse, its an actual disposition, and it depends on the value you trf it for in CND between souses you can elect ACB or FMW so yes it s reported in both jurisdictions.
