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Old 07-15-2015, 04:12 PM   #7
puckedoff
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You will most likely have to pay some tax.
Since its not a principle residence you can't avoid the tax as MattyC suggests. Also you may not use the tax credit as that requires it to be your home residence as well, and that more or less relates to purchase of property rather than sale. It is unlikely that you can bury your gain retroactively in your TFSA.
The best way to avoid tax would be through the structure of your ownership of such investment but again that is something easier to do upon investment rather than pre-sale.

Although a hockey forum is a good start, (not sure if I'm allowed to link other forums?) there is a Forum for Canadian Money that is full of quacks but also some good info. Its some kind of Canadian Money Forum, google may know something about it.
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