I really like my kids and would like to help them out financially but have dead equity in my home. A child or children could form a limited co. get an 80% mortgage, buy my house as an income property, I want at least a 10 year lease with renewal option. I give a demand loan for the 20% down payment at CRA rates, they pay interest only, loan forgiven in will when I croak.
They get a guaranteed tenant they know, gain equity, write off the interest and depreciation etc. I get to stay in place ,pay rent in a location I like, top up my TFSA, help with grandkids RESP's and have some cash left over to save or gift as I see fit. 
Comments?