Question about giving 50% share of homes to sibling

macnut wrote: ↑ Key point is whether the remaining rental property or properties have been reporting rental income to CRA since last year.

But tax issues aside, the name change on the title is a straightforward legal procedure that should cost you just a few hundred.

Might be best (and quite legal) not to formalize the $100K consideration. Market value is very subjective - whatever an accredited professional maintains.
The $100K could be considered just a gesture between family members because your brother thinks you deserve it.

snipe2014 wrote: ↑ Parents owned 3 properties.

One primary and 2 rental properties. Both parents passed last year and now left with these 3 properties. We sold one property and used the proceeds to settle the estate and pay off various taxes to CRA due from parents death return.

The remaining 2 properties are inherited at 50/50 share. However, we want to each own 100% of one property each.

Basicslly property A my brother will give me full ownership.
Property B I will give my brother my 50% so he will have 100% ownership and in addition he will give me $100k cash.

Wondering if there are any tax implications. Am I technically disposing my property or can this title be transferred via the lawyer and say we are simply taking 1 property each at 100% share and he’s giving me 100k because the value of that property is much higher.