thedunkster32 Posted February 1 Report Share Posted February 1 In 2023 I transferred the title of a property that I owned to my spouse. There were no 'proceeds' of the transaction - but I have read that the appropriate value to use is the adjusted cost basis. Is this information simply entered in the "Real estate, depreciable property, and other properties" form under Capital Gains? Thanks for any help you can provide. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted February 1 Report Share Posted February 1 Hello thedunkster32, You generally do not have a capital gain or loss if you give capital property to your spouse or common-law partner, a spousal or common-law partner trust, a joint spousal or common-law partner trust, or an alter ego trust.* https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/transfers-capital-property/transfers-property-a-spouse-common-law-partner-a-trust-a-spouse-common-law-partner.html *However situations and / or circumstances may subject you to attribution rules. It is best to check with the CRA or a tax advisor. Quote Link to comment Share on other sites More sharing options...
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