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Money Gift to Children

CAN I GIFT MONEY TO MY ADULT CHILDREN FOR DOWN PAYMENT TO PURCHASE A PROPERTY IN ONTARIO?

Rising real estate prices and strict mortgage rules have made securing a home loan and purchasing a house more difficult than ever. Younger generations are desperately turning to their parents for financial assistance in the form of gift money for home purchase or loaned down payments.

CAN I GIFT MONEY TO MY ADULT CHILDREN FOR DOWN PAYMENT TO PURCHASE A PROPERTY IN ONTARIO? Read More »