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Investors and rental owners
When you sell an investment or real estate and as a result of this transaction there is a profit (disposition price is higher than the acquisition price) you are liable to report this income as a capital gain. According to the taxation act, the capital inclusion rate is 50%
If you immigrate to Canada and become a resident, you will be liable to report the disposition and re-acquisition of any property that was held at the time you become a resident.
For more information, please visit the following link: Capital Gains – 2020
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April 17, 2021
8:13 AM