transfer asset

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Inheriting Oversea Property

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Foreign Property Ownership

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Principal residence gift to family member (adult)

Hi Madan, If I gifted my only principal residence to my sister (adult) at a price of $1.00, what should I report the proceed in my T1 tax return? $1.00 or the house market price? As the legal document said the consideration given is $1.00. Thanks

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