Canada Tax

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Related Canada Tax Questions
We just sold our house and entered a life lease however we
We just sold our house and entered a life lease however we have a cottage property that is on leased land (indigenous) that is in the same name as the seller of the house. Can we use the cottage for c… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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Are you Canadian or American based. Kitchebner ontario.
senior citizen, one dependant, spouse, capital gains question … read more
AndrewD914
AndrewD914
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Questions about non residency status and sale of a house, I
Hello Questions about non residency status and sale of a house, I purchased my house in April of 2015, but didnt actually make a mortgage payment on it until APril 2016 due to a fire that damged the p… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I bought a house in Toronto Ontario in the year 2012. At the
I bought a house in Toronto Ontario in the year 2012. At the time I bought this house I was working abroad and was not a resident of Canada. I had declared myself as a Canadian Non resident for tax pu… read more
AndrewD914
AndrewD914
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I have a situation with a client that I purchased from a
I have a situation with a client that I purchased from a previous company just this year. The client purchased a house in 2019 that was intended to be used as an Airbnb. It was capitalized and reporte… read more
Robin D.
Robin D.
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Question related to capital gain tax which i will be charged
question related to capital gain tax which i will be charged for … read more
Yaw, CPA
Yaw, CPA
6,524 satisfied customers
My parents bought a 2nd home (cottage) in 1972 while owning
My parents bought a 2nd home (cottage) in 1972 while owning a city home (principal residence). They sold the city home in 1993 and moved to the cottage fulltime which then became their principal resid… read more
AndrewD914
AndrewD914
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I own a rental house with my sister that we bought as our
I own a rental house with my sister that we bought as our primary residence in 1993. I moved out in 2000 and my sister in about 2003. If we move back into it for a minimum of 5 years, will we be charg… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
1,427 satisfied customers
I posted this as a new question after the previous question:
Hi! Andrew, I posted this as a new question after the previous question: "My father owned two properties in Toronto: ***** ***** where he lived and one is a rental property. My name is ***** ***** tit… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I just sold a secondary resident cottage and have to pay
i just sold a secondary resident cottage and have to pay capital gains on it. DOes the Capital Gains deduction cover any of this … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I sold the principle residence in Ontario when I live 14
i sold the principle residence in Ontario when I live 14 years Will I pay capital gain … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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Let's say I have two properties in Canada 1 - Primary
Hi,Let's say I have two properties in Canada1 - Primary Residence 2 - Rental PropertyWhat is the best strategy to sell these properties if I am moving out? Are there any Tax Exemptions?… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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I have a few questions about Capital Gains on the sale of a
Hello - I have a few questions about Capital Gains on the sale of a home in Canada.I'd like to understand the difference (if any) in the capital gains tax if you're selling it and it was your primary … read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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If a property in rural BC has two houses on it, one is newly
If a property in rural BC has two houses on it , one is newly built but empty, and the other is our primary residence, and we decide to sell the whole property, does the primary residence Capital Gain… read more
AndrewD914
AndrewD914
CPA, CA, CFA
Bachelor's Degree
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My mother passed away July 2015 before she passed away she
My mother passed away July 2015 before she passed away she put me as joint owner of her home which we have just sold. I was put on as joint owner in 2008. At the time I was put on the house deed as jo… read more
Legal Ease
Legal Ease
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Doctoral Degree
163,888 satisfied customers
Tax or real estate question, province of Quebec. We own
Tax or real estate question, province of Quebec. We own a city home and a piece of land If we will build a chalet on the land we own and move there, how long must it be our domicile before we can sell… read more
Legal Ease
Legal Ease
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If I sell my farm which is my only property and give the money
If I sell my farm which is my only property and give the money to my children what taxes are involved to me and them… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
163,888 satisfied customers
We have 2 properties. #1 was bought in 1979, #2 in 1996. We
We have 2 properties. #1 was bought in 1979, #2 in 1996. We separated in 2007 and the husband went to live in property #2. We have been told that Capital Gains is payable on #2 when the property is so… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
63 satisfied customers
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