Frank,Unless you donate $50,000 of your ill gotten gains to the Henry George Foundation of Canada, I am going to tell the CRA that your house in Toronto is not your principal residence.The Other Frank
--My house in Toronto went up 20% in 2016, so my X and I picked up a cool $100,000 tax free.Sure glad there's no LVT in Canada. : )But don't think I'm insensitive, I'm very appreciative of the hard working, non-property owners among you who are paying my taxes for me. Thank you, thank you, thank you.Happy New Year, Earthsharing Canada.Frank de J
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That code only apply to senetors
On Jan 5, 2017 7:29 PM, "FRANCIS K PEDDLE BARRISTER" <fkpe...@rogers.com> wrote:
Frank,Unless you donate $50,000 of your ill gotten gains to the Henry George Foundation of Canada, I am going to tell the CRA that your house in Toronto is not your principal residence.The Other Frank
--My house in Toronto went up 20% in 2016, so my X and I picked up a cool $100,000 tax free.Sure glad there's no LVT in Canada. : )But don't think I'm insensitive, I'm very appreciative of the hard working, non-property owners among you who are paying my taxes for me. Thank you, thank you, thank you.Happy New Year, Earthsharing Canada.Frank de J
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Tax-free capital gains on a property imply that it's your primary residence...
Erich.
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