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posted Mar 6, 2022 7:16:35 PM

Is the proceeds of disposition the net between my house sales price and the new house I bought

I sold my house to buy a new one how should I declare the net between sales and buy?

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Moderator
Mar 10, 2022 2:07:53 PM

Your proceeds of disposition is the amount that you received for the home that you sold - the sale price of the property.

Please see Canada Revenue Agency (CRA) webpage for more information on terms associated with capital gains/losses: Definitions for capital gains