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Should I Put My Child’s Name on My House Title? (Canada Tax & Estate Planning)

Many Canadian parents add their adult child to the title of their home for estate planning — without realizing the tax consequences.

In this video, I explain:

Whether adding your child to your home title is considered a taxable disposition

The difference between legal ownership and beneficial ownership

When capital gains tax may be triggered

How the principal residence exemption may or may not apply

Why this decision can create a tax burden for your child in the future

If your child does not live in the home, adding them to the title could result in capital gains tax when the property is sold.

This video is for Canadian homeowners considering estate planning and joint property ownership with their children.