requirement: Is the Spousal Consent Required for Investment Properties? - 10/02/11 04:32 AM

Is the Spousal Consent Required for Investment Properties?
Ontario Real Estate Source
By Brian Madigan LL.B.
 
Question:
 
If a husband purchased a residential investment property, not his principal home, do we need the wife to sign the spousal consent when he sells?
 
 
Answer:
 
To some extent your question is vague.      
 
The concept of principal residence is a description under the Income Tax Act. There can only be one (generally, with certain exceptions).
 
Matrimonial home is a defined term under the Family Law Act and there can be more than one.
 
It … (4 comments)

 
Brian Madigan, LL.B., Broker (RE/MAX West Realty Inc., Brokerage (Toronto))

Brian Madigan

LL.B., Broker

Toronto, ON

More about me…

RE/MAX West Realty Inc., Brokerage (Toronto)

Address: Toronto, Mississauga, Oakville, Brampton, Caledon, Thornhill, Greater Toronto Area, http://www.iSourceRealEstate.com

Office: (416) 745-2300

Fax: (416) 745-1952

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