Hi Guys,
I recently accepted a job offer overseas, and for tax purposes need to prove "non-resident" status. One of the criteria is showing that you don't have any property in Canada.
I own a house along with a relative of mine, and both of our names are on the mortgage and the home title. I am wondering, is it possible to have the mortgage transferred to his name only, and then the home title as well?
He has enough income to qualify solely for whatever is remaining on the mortgage. Any thoughts?
I recently accepted a job offer overseas, and for tax purposes need to prove "non-resident" status. One of the criteria is showing that you don't have any property in Canada.
I own a house along with a relative of mine, and both of our names are on the mortgage and the home title. I am wondering, is it possible to have the mortgage transferred to his name only, and then the home title as well?
He has enough income to qualify solely for whatever is remaining on the mortgage. Any thoughts?