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