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OMG!WTF! · 07-15-2015, 03:57 PM

You'll probably get a better answer than this, but I think you're taxed on 50% of the capital gain at whatever your tax rate is. If you have any losses this year would be a good time to realize them.

And probably no on the TFSA. It depends a bit on how you own the property, if you own shares of a limited partnership,or mortgage investment corp, maybe. Here's what you can hold in a registered account...

http://www.taxtips.ca/rrsp/qualifiedinvestments.htm

And congrats on making money on this sort of thing. Lots of horror stories in this area.

07-15-2015, 03:57 PM	#5
OMG!WTF! Franchise Player Join Date: Oct 2014 Exp:	You'll probably get a better answer than this, but I think you're taxed on 50% of the capital gain at whatever your tax rate is. If you have any losses this year would be a good time to realize them. And probably no on the TFSA. It depends a bit on how you own the property, if you own shares of a limited partnership,or mortgage investment corp, maybe. Here's what you can hold in a registered account... http://www.taxtips.ca/rrsp/qualifiedinvestments.htm And congrats on making money on this sort of thing. Lots of horror stories in this area. Last edited by OMG!WTF!; 07-15-2015 at 04:10 PM.