Hi all just wondering if you can help me out
My sister was born in Australia and has been living in Canada for 18 years
I have two questions - our Mother passed away in Australia and my sister inherited some money I understand this is not taxable in Canada is this correct ?
Secondly I invested her inheretence in Australian property however she did NOT want her name on the title ie silent partner
She now wants her name on the title which will cost here here however, will there be any tax implications in Canada as she hasn't declared any inheretence from 2 years ago
Lastly if she stays as a silent partner on the property here in Australia will she have to declare it in Canada
Many thanks for reading this post
My sister was born in Australia and has been living in Canada for 18 years
I have two questions - our Mother passed away in Australia and my sister inherited some money I understand this is not taxable in Canada is this correct ?
Secondly I invested her inheretence in Australian property however she did NOT want her name on the title ie silent partner
She now wants her name on the title which will cost here here however, will there be any tax implications in Canada as she hasn't declared any inheretence from 2 years ago
Lastly if she stays as a silent partner on the property here in Australia will she have to declare it in Canada
Many thanks for reading this post