According to the Canada Revenue Agency (CRA): “To make this election, attach a letter signed by you to your income tax and benefit return of the year in…
Read more Capital gains tax when renting out your former principal residence – MoneySenseIt sounds like you sold or are planning to sell a property in the U.S., Bob. To cut to the chase, selling costs, like a realtor commission, would…
Read more When are costs for a U.S. property tax-deductible in Canada? – MoneySenseHow an asset transfer between spouses is taxed First off, a transfer of assets between spouses is by default done on a tax-deferred basis at the original purchase…
Read more How real estate is taxed during a separation or divorce – MoneySense
