I would like to inquire about the taxation issues that are related to buying a house. Not yet, its my aunt who wants to

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Customer: Hi Pearl, I would like to inquire about the taxation issues that are related to buying a house
JA: What steps have you taken so far? Have you prepared or filed any paperwork?
Customer: Not yet, its my aunt who wants to buy a house
JA: Where is the house located?
Customer: Toronto it's a condo
JA: Anything else you want the Lawyer to know before I connect you?
Customer: That's it, thank you!
Answered by Debra in 16 hours 1 year ago
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Debra
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Debra
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Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call.
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Let me know if you need more information, or send me the service offer(s) so we can proceed.
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Debra, Expert

Hello and Welcome to JustAnswer. My name is***** will be working on your question today and I am looking forward to our conversation.

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Debra, Expert

Please note that the experts don’t text so there may be a bit of a delay. If you don’t answer back for a while I may not be online when you do but I will never desert you and will check back often. As well, as I am working from home it is possible that I will be interrupted but I will always return back as soon as I can.

I am sorry to hear of this difficult situation.

Please let me know the basic facts and then your specific legal question.

Customer
Hi Debra
Customer
Thank you for getting back
Customer
I am asking on behalf of my aunt residing in China. She has an expired PR of Canada and is working in China now. She wants to buy a house for my cousin living in Ontario who is currently 18 years old and is a student who has no income. She wants to be his guarantor but our question is will she be taxed? She is no longer a PR of Canada, her PR has expired long ago, and is a citizen of China. Thanks!
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Debra, Expert

Your aunt will be taxed if she earns income on that property. She will also be taxed when the property is sold. Anyone who earns income in Canada has to pay tax whether they are a resident or not. But she doesn't have to pay tax on her worldwide income because she buys a house for your cousin in Ontario.

Does that help?

Customer
thank you so much!
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