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If I won a home in a lottery in Ontario and decide to sell

Resolved Question:

If I won a home in a lottery in Ontario and decide to sell it immediately, do I have to pay any taxes?
Submitted: 1 year ago.
Category: Canada Tax
Expert:  Legal Ease replied 1 year ago.
No you won't.

There will not be any capital gains tax because the house will not appreciate in value from the time you got it and then sold it.

Let me know if you need further clarification.
Legal Ease, Lawyer
Category: Canada Tax
Satisfied Customers: 84091
Experience: Lawyer
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