Time to sell your investment property? How to navigate the capital gains tax

[RENT4ALLPM]

How are you guys reacting o this?

The reaction from most of financial adviser Jason Heath’s clients has been concern and confusion since the federal government announced an increase in the capital gains inclusion rate, a change that would give many Canadian’s who own a second property a bigger tax bill when they decide to sell.

The budget unveiled on April 16 included an increase in the capital gains tax for people who make more than $250,000 in profit on the sale of an asset. For some, it can be a big financial hit — such as people who sell or inherit a family cottage that was bought decades ago and is now worth much more — but there are certain strategies and advice to navigate the upcoming tax change, financial advisers say




https://www.thestar.com/real-estate/tim ... 976e6.html

[Lee]

You must be logged in to read the additional posts in this topic