'I'm not wealthy': Ontario senior shocked she owes $40,000 in capital gains after gifting land
By News on the Net CTV—— Bio and Archives--May 31, 2024
News in Brief—News Headlines | Comments | Back To Full Article
An Ontario senior who wanted to help her daughter and grandson eventually own homes one day decided to give them two lots on her property as a gift—but she didn’t know it would eventually cost her tens of thousands of dollars.
Liz Diachun, 93, has lived on her farm property in Warkworth for 58 years and said she wanted her family to live in the lots across the road. -- More...
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