I'm a US citizen living in Canada for over a year and I'm currently buying a residential property with my same-sex partner who is not a US citizen (joint ownership). We will not receive any rental income from the property and will be living in it. I have 3 questions

1. Will I as a US citizen incur a tax liability for owning foreign property?
2. If there is a tax liability is it on the whole value of the property or only on my share of ownership?
3. Can I claim any deductions on interest payments/property taxes I pay in Canada. (mortgage is via a canadian bank)

Any information is much appreciated. Thanks for your help!

1) No, not as long as you are receiving NO rent for it,

2) None whatsoever,

3) Yes.

I own property in Ontario , I am a us cit izen and wish ti gift this property to my children who are also us citizens, is there a tax ?

There may be gift tax requirements.

It depends on HOW MUCH is worth (current Fair Market Value), whether you are currently married and HOW MANY children are receiving the gift.

Please answer those questions.